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REPORTING ENTITY</b></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Bancolombia S.A., hereinafter the Parent Company, is a credit establishment, listed in the Colombia Stock Exchange (BVC) and, as well as in New York Stock Exchange (NYSE), since 1981 and 1995, respectively. The Parent Company's main location is in Medellin (Colombia), main address Carrera 48 # 26-85, Avenida Los Industriales, was originally constituted under the name Colombian Industrial Bank (BIC) according to public deed number&#160;388, date January 24, 1945, from the First Notary's Office of Medellin, authorized by the Superintendence of Finance of Colombia (&#8220;SFC&#8221;). On April 3, 1998, by means of public deed No.&#160;633, BIC merged with Bank of Colombia S.A., and the resulting organization of that merger was named Bancolombia S.A.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Bancolombia S.A.&#8217;s business purpose is to carry out all operations, transactions, acts and services inherent to the Banking business through banking establishments that carry its name and according to all applicable legislation. 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The activities carried out by each operating segment of the Bank are described in Note 3, Operating segments.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The duration of the Parent Company contemplated in the bylaws is until December 8, 2044, but it can be dissolved or renewed before the conclusion of that period. The operating license was authorized definitively by the SFC according to Resolution number&#160;3140 on September 24, 1993.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Through&#160;public&#160;deed number 1,124 of September 30, 2016, from the fourthteenth Notary&#8217;s Office of Medellin, duly registered in the Camara de Comercio de Medell&#237;n, a merger was completed between the Parent Company (absorbing entity) and Leasing Bancolombia S.A. (absorbed entity). 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Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at period end exchange rates are generally recognized in net income. They are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Non-monetary items that are measured at cost are held at the exchange rate of transaction date, while those which are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. 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The carrying amount is increased when a margin call is issued or when it is necessary to increase the trading quota; conversely, it is decreased when the aim is to lower that quota. The security deposits are recognized as other assets in the consolidated statement of financial position at the amount paid in favor of the counterpart and this assets are not subjet to interest recognition.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>6.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Business combinations and goodwill</b></div> </td> </tr> </table> <div style="CLEAR:both; 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Amounts previously recognized in other comprehensive income that must be recycle through net income in relation with such investments are reclassified to the consolidated statement of income, as if such investment had been sold. When the associate has other comprehensive income, which is not reclassified to profit or loss, the amounts are not reclassified when the investment is sold.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">When the Bank enters into a option contract to acquire totally o partially the amount of shares in a subsidiary held by non-controlling interest, that entitles the non-controlling interest to sell its interest in the subsidiary to the Bank, the Bank analyzes whether the ownership risks and rewards remain with the non-controlling interest or have been transferred to the Bank. The non-controlling interest is recognized to the extent the risks and rewards of ownership of those shares remain with them. Irrespective of whether the non-controlling interest is recognized, a financial liability is recorded for the present value of the redemption amount. Subsequent changes to the liability are recognized in net income. The Bank will reclassify the liability to equity if the put option expires unexercised.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>7.4.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Financial assets</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">At initial recognition, the Bank measures financial assets at fair value plus, in the case of a financial asset that is not measured at fair value through profit or loss, the transaction costs directly attributable to the acquisition of the financial assets. Financial assets are then classified considering their subsequent measurement at fair value or amortized cost, respectively, on the basis of the business model for managing the financial assets and the contractual cash flow characteristics of the instrument. In addition, for particular investments in equity instruments, in accordance with IFRS 9 (2013), the Bank made the irrevocable election to present subsequent changes in fair value in other comprehensive income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.1 Money market operations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Interbank assets and interbank deposits</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">These are funds that the Bank lends to other financial institutions or borrows from the Central Bank and other financial institutions. The transactions in an asset position with maturity of up to ninety days are measured at fair value and classified as cash equivalents. 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Repos in asset position are initially recognized at the consideration paid and they are subsequently measured at amortized cost. The difference between the purchase value and resale price is recorded in net interest income and accrued over the life of the agreement using the effective interest rate method.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liability Position</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Liability position refers to transactions accounted for as collateralized borrowing in which the Bank sells debt securities with an agreement to repurchase them back from the buyer at a stated price plus interest at a specified date, not exceeding one year.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The securities sold under those agreements are not derecognized from the statement of financial position when the Bank substantially retains all of the risks and rewards of the securities. However, the securities are disclosed as pledged assets. The amounts received are initially recognized, at fair value, as a financial liability and subsequently measured at amortized cost. The difference between the sale value and the repurchase value is treated as interest expense and accrued over the life of the agreement by the effective interest rate method.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.2 Debt and equity securities</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Securities at amortized cost</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Debt securities are classified at amortized cost only if the asset is maintained within a business model whose objective is to hold it in order to collect contractual cash flows and the contractual terms of the security give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding; Its interest income is recognized using the effective interest rate method.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The effective interest method is a method used to calculate the amortized cost of an asset and to assign the income or cost in interest during the relevant period. The effective interest rate is the discount rate at which the present value of future estimated cash payments or those received through the expected life of the financial instrument, or, when appropriate, in a shorter time frame, are equal to the net carrying value at the beginning. To calculate the effective interest rate, the Bank estimates cash flows considering all the contractual terms of the financial instrument, including transaction costs and premiums granted minus commissions and discounts, but without considering future credit losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Securities at fair value through profit or loss</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">These are equity securities and debt securities that are not subsequently measured at amortized cost. 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The Bank established that loans, advances to customers and other receivables are held within a business model whose objective is to hold them in order to collect contractual cash flows and the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. They are initially measured at fair value, plus transaction costs and origination fees that are directly attributable to the acquisition. 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Financial assets are considered significant when, based on current or past information and events, it is likely that the entity will not be able to recover the amounts described in the original contract, including the interests and commissions agreed upon in the contract. When a significant financial asset has been identified as impaired, the amount of the loss is measured as the balance due minus the current net value of the estimated future cash flows. To estimate these flows, basic projected hypotheses are used based on qualitative analysis and backed up by information obtained from the Special Client Administration Committee as well as approvals made with Commerce Managers. 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The percentages of historical losses used in the process are updated to incorporate the most recent data of the current economic conditions, the performance trends by industry or region, or the concentration of obligations in each portfolio of financial assets by segment, and any other relevant information that may affect the provision of loss estimate for financial assets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The financial assets are removed from the balance from the provision when they are considered non-recoverable. The recoveries of financial assets previously discounted are recorded as an increase in the provision.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Quantification of the losses incurred takes into account three fundamental factors: exposure at default, the probability of default and the loss caused by default:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Exposure at default: It is understood as the exposed balance of assets to the current capital balance, interest and accounts receivable. 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Given that defaulting probability is estimated using a database that contains precedents of historical losses in a complete economic cycle, the macroeconomic adjustment allows suppression of effects from the conditions of the historical period that no longer exist.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the specific case of doubtful assets, the allocated probability of default is 100%. The classification of an asset as &#8220;doubtful&#8221; is made because of a non-payment of 90 days or more (180 days for the Banistmo mortgage portfolio), as well as in cases that there is no non-payment, but where there are doubts about the solvency of the debtor.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #2e74b5;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loss given default (LGD): This is defined as the economic impairment in which the entity would incur in the event of any instance of default. This depends mainly upon the characteristics of the debtor and upon the valuation of guarantees or collateral associated with the operation.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Once a debt or collection of debts is classed as impaired, the interest revenues are still accounted for using the applicable rate of interest for the discount for future cashflows in order to measure loss due to depreciation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.6 Restructured financial assets</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> Loan restructuring is an alternative to achieve a proper collection management. It must be understood as a resource of atypical use to standardize the behavior of a portfolio, using a new contractual agreement between the parties. Such agreement aims to modify the originally established conditions in order to allow the proper attention to the loan in the light of the real or potential impairment in the debtor&#8217;s payment ability. The loan restructuring is implemented through amendments to the contractual terms, rates and payment terms. In any case, at the restructuring time, all the collateral must be preserved and if possible, the Bank&#8217;s position should be improved by obtaining new guarantees or guarantors that support the obligations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the restructuring, real and personal property can be received as foreclosed assets to cancel partially the obligations. Likewise, the Bank can grant discounts on interest or other related receivables. If necessary, the discount can be applied to loan principal, either because the guarantees or payment sources do not have coverage on total loan or because the agreement does not permit full recovery of the total balance. The terms are reviewed in each negotiation to determine if the client should continue in the portfolio and if so, the terms to restore the business relationship after a certain time.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If as a result of restructuring, the financial asset is derecognized, costs and&#160;fees are recognized&#160;in net income, as well the&#160;difference between the value in the balance&#160;sheet&#160;and&#160;the consideration received.&#160;In the case&#160;in which&#160;the modified financial asset&#160;is not derecognized,&#160;the&#160;costs and fees are&#160;deferred&#160;and will be amortized&#160;by the&#160;remaining life&#160;of the modified&#160;asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Before the commencement of the restructuring process, the Bank should perform an analysis of the debtor&#8217;s projected cash flow in order to evaluate the capacity to pay the proposed plan. 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Such assets are recognized as premises and equipment in the statement of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The assets leased under financial leases are depreciated throughout their life using the straight line method. However, if there is no reasonable certainty that the Bank will obtain the property at the end of the lease term, the asset is depreciated throughout its life or the lease term, whichever is shorter. The lease payments are divided between interest and debt reduction. The finance charges are recorded in the consolidated statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The payments for operating leases are recognized on a straight line basis over the term of the lease as expenses in the statement of income during the lease term. Lease incentives received are recognized as an integral part of the total lease expenses over the term of the lease.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.7.2 The Bank as lessor</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The lease agreements entered into by the Bank are classified at the initial recognition as financial or operating leases.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank classifies a lease as a financial lease when according to the agreement substantially, all the inherent risks and benefits are transferred to the lessee and are recognized as the sum of the minimum payments to be received and any unguaranteed residual value discounted at the lease interest rate is recorded as part of the loan. Otherwise, the lease is classified as an operating lease, which is classified in the statement of financial position as premises and equipment. The initial direct costs incurred in the negotiation of an operating lease are added to the carrying value of the leased assets and recorded as a cost during the lease term on the same basis as the lease income. The contingent rents of the leases are recorded as income in the period in which they are obtained.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Among the risks transferred are the possibilities of losses through underutilization, technological obsolescence, decrease in profitability or changes in the economic environment. Among the benefits derived from the use are the expectation of profit over the economic life of the asset and eventually, the appreciation of its residual value or realization of the asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following are indications of transfer of risk and rewards of ownership to the lessee:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The agreement indicates that the lessee has the option to purchase the asset at a price that is expected to be equal to or less than 10.00% of the fair value of the asset upon termination of the lease.</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The term of the lease covers most of the economic life of the asset when the minimum lease term represents 75.00% or more of the economic life of the leased asset.</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">At the inception of the lease, the present value of the minimum lease payments amounts to at least 90.00% of the fair value of the leased asset.</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The leased assets are of such a specialized nature that only the lessee has the possibility of using them without making significant modifications.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If during the lease term, the lessor and the lessee decide to modify the initial conditions, and the agreed changes result in a different classification, then the modified agreement will be considered a new lease with new clauses that will lead to the classification of a financial or operating lease, as appropriate.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.5. 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The liability component corresponds to the preferred dividend related to 1% of the subscription price, which is the payment of the minimum dividend on the preferred shares for each period in accordance with the Bank&#8217;s bylaws.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.5.2 Financial guarantee contracts and loan commitments</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to meet the needs of its customers, the Bank issues financial standby letters of credit, bank guarantees and loan commitments. Loan commitments are those agreements under which the bank has an irrevocable obligation to grant the loan. The financial guarantee contracts issued by the Bank are contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due to accordance with the original or modified terms of a debt instrument.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Both financial guarantee contracts and loan commitments are initially recognized as liability at fair value, which is normally the fee received, adjusted for the directly attributable transaction costs incurred. Such contracts are measured at the higher between the provision amount measured according to IAS 37 -Provisions, contingent liabilities and contingent assets and the amount initially recognized less, when proceeds, the accumulated amortization recognized according IAS 18 - Revenues</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Income derived from guarantees is recognized as fees and commission income in the statement of income over the term of the contract.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.6 Derecognition of financial assets and liabilities</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Bank has transferred substantially all the risks and rewards of ownership or in which the Bank neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On derecognition of a financial asset, the difference between: (a) the carrying amount (measured at the date of derecognition) and (b) the consideration received (including any new asset obtained less any new liability assumed) is recognized in net income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In transactions in which the Bank neither transfers nor retains substantially all the risks and rewards of ownership of a financial asset, the Bank continues to recognize the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred financial asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A financial liability is removed from the statement of financial position when it is extinguished, that is when the obligation is discharged, cancelled or expired.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Debt exchange</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank assesses whether the instruments subject to exchange are substantially different from each other, considering qualitative aspects such as currencies, terms, rates, conditions of subordination, regulatory framework, among others; and quantitative, in which is evaluated whether the present value of discounted cash flows under the conditions of the new instruments (including any commission paid net of any commission received) and using the original effective interest rate to calculate the discount, is at least 10 percent different from the discounted present value of the cash flows that still remain of the original financial liability.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">When it is concluded that the instruments subject to debt exchange are not substantially different, the transaction is recognized as a modification of the debt. In this case, incremental costs and commissions adjust the carrying amount of the liability and are amortized over the remaining life of the modified liability, in accordance with its subsequent measurement at Amortized Cost. In debt exchanges that are considered substantially different, the financial instrument is derecognized and a new financial liability is recognized.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.6.1 Written-Off loan portfolio balances and related allowances</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Loans are written off when the Bank concludes there is no a realistic expectation of recovery of the principal and receivables balances from a client or third party. In general, this characteristic will be fulfilled when the following delinquency conditions are present:<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="center"> <table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="90%"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; WIDTH: 30%; PADDING-RIGHT: 2pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt" valign="bottom" width="30%"> <div style="CLEAR:both;BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"> <div style="CLEAR:both;BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align="center"><b><i><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> Type</font></i></b></div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; WIDTH: 70%; PADDING-RIGHT: 2pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt" valign="bottom" width="70%"> <div style="CLEAR:both;BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"> <div style="CLEAR:both;BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align="center"><b><i><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> Length of delinquency</font></i></b></div> </div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Consumer</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 180 days, 450 for vehicles in BAM, 720 for loans with mortgage guarantee in Banco Agricola</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Commercial</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 360 days</font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Mortgage</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 1.620 days. For Banistmo and Banco Agr&#237;cola from 720 days. BAM 1440 days.</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font>&#160;</font></div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Among the reasons underlying the portfolio's non-recoverability are the estimated recovery time of the obligation and the probable recovery percentage given the existence or lack of collaterals. When default conditions are present, it is initially necessary to evaluate whether the collaterals that support the loan generate a reasonable expectation of recovery; if so, the necessary steps are taken to realize of the collateral prior to writing-off; in cases where the collateral net fair value indicates that there are no reasonable expectations of recovery, loans are written-off. In most mortgage loan cases, there is still a high probability of recovery after the delinquency.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.7. 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This instrument requires no initial investment or it is smaller than would be required for other financial instruments with a similar response to changes in market conditions, and it is generally settled at a future date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank carries out derivative transactions to facilitate the business of clients related to the management of their market and credit risk; managing the exposure in its own position to changes in interest rates and risks in exchange rates; or to obtain benefits from changes in valuations experienced by these instruments in the market. Derivatives are recognized and measured at fair value through profit or loss, unless such derivatives are designated as hedging instruments in cash flow hedges or in a hedge of a net investment in a foreign operation. In those cases, the effective portion of changes in the fair value of the derivatives are recognized in other comprehensive income</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.7.1 Hedge accounting</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Fair value hedges are used by the Bank, through its Panamanian subsidiary, Banistmo, to protect against changes in the fair value of investment securities that are attributable to interest rate variability. Cash flow hedges are used mainly to reduce the variability in cash flows of deposits issued by Banistmo caused by interest rate changes. When the hedging relationship is considered to be highly effective, the changes in value of the hedging derivative are accounted for according to their classification as fair value hedges, cash flow hedges and hedges of net investment in foreign operations, as set in the paragraph below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank assesses at the inception of the hedge and on a monthly basis during the life of the instrument, whether the hedge used in the transaction is expected to be highly effective (prospective effectiveness), and considers the actual effectiveness of the hedge on an ongoing basis (retrospective effectiveness). The Bank discontinues the hedge accounting when the hedging instrument expires or is sold, terminated or exercised, the hedge no longer meets the criteria for hedge accounting or if hedge designation is revoked. When hedge accounting for a fair value hedge is terminated the previous adjustments related to the changes in fair value of the hedged item are subsequently recorded in the consolidated statement of income in the same manner as other components of the carrying amount of that asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Before the establishment of the hedge accounting, The Bank documents the relationship between hedged items and hedging instruments, as well as its risk management objectives and hedging strategies, which are approved by the Risk Management Committee as the body designated by the Board of Directors.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Hedge relationships, are classified and accounted for in the following way:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192)" align="justify"> &#150;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b> Fair value hedges:</b> <font style="COLOR: black">are designated to protect against the exposure to changes in the fair value of recognized assets or liabilities or unrecognized firm commitments.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black"><i> &#160;</i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Changes in the fair value of derivatives that are designated and qualify as hedging instruments in fair value hedges are recorded in the statement of income as interest and valuation on investments. The change in fair value of the hedged item attributable to the hedged risk is uncluded as part of the carrying value of the hedged item, and it is also recognized in the aforementioned item of statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For fair value hedges that are related to items accounted for at amortized cost, the adjustments to the carrying value are amortized through the statement of income during the remaining term until their expiry. The amortization of the effective interest rate will be able to begin as long as there is an adjustment to the carrying value of the hedged item, but it will have to begin at the latest when the hedged item is no longer adjusted by changes to its fair value attributable to the risk that is being hedged. The amortization of the adjustments to the carrying value is based on the effective interest rate recalculated on the starting date of the amortization. If the hedged item is derecognized, the non-amortized fair value is recognized immediately in the statement of income. If the hedge instrument expires or it is sold, terminated or exercised, or when the hedge no longer meets the criteria for hedge accounting, the Bank discontinues prospectively the hedge accounting. For the items hedged at amortized cost, the difference between the carrying value of the item hedged at the completion of the hedge and the nominal value are amortized using the effective rate method during the time surplus of the original terms of the hedge. 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The ineffective portion of the gain or loss on the hedging instrument is recognized in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If the hedging instrument expires or is sold, terminated or exercised, without replacement or rollover into another hedging instrument, or if its hedging designation is revoked, any accumulated gain or loss previously recognized in OCI remains in OCI, until the planned operation or the firm commitment affects the result.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Hedge accounting is discontinued when the Bank revokes the hedging relationship, when the hedging isntrument expires or is sold, terminated, or excercised, or when no longer quilifies for hedge accounting. Any gain or loss recognised in other comprehensive income and accumulated in equity at that time remains in equity and is recognised in other comprehensive income when the forecast transaction is ultimately recognised in net income. When a forecast transaction is no longer expected to occur, the gain or loss acumulated in equity is recognised inmediately in net income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> &#150;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="COLOR: #0075c0"><b>Hedges of a net investment in a foreign operation:</b></font> In accordance with IFRS 9 &#8216;Financial instruments&#8217; and IFRIC 16 &#8216;Hedges of a net investment in a foreign operation&#8217;, the Bank has decided to apply the hedge accounting of the foreign currency risk arising from its net investment in Banistmo, designating as a hedging instrument certain debt securities issued by the Parent Company. Considering the hedge accounting relationship, in the case of the net investment, the gain or loss derived from the foreign exchange differences related to the debt securities that is determined to be an effective hedge is recognized in other comprehensive income, as well as the currency translation adjustment of the Banistmo operation into the presentation currency as required by IAS 21 as detailed in F.2. &#8216;Functional and presentation currency&#8217;.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>&#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>9. Investment properties</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Land and buildings that the Bank holds to earn rentals or for capital appreciation or both rather than for their use in the supply of services or sale in the ordinary course of business are recognized as investment properties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The investment properties are measured initially at cost, including the transaction costs. The carrying value includes the cost of replacement or substitution of a part of an investment property at the time in which the cost is incurred, if the cost meets the recognition criteria; and it excludes the daily maintenance costs of the investment property which are included in the statement of income as &#8220;Other expenses&#8221;.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">After the initial recognition, the investment properties are measured at fair value which reflects the market conditions at the statement of financial position date. The gains and losses that arise from changes in the fair values of investment properties are included in the statement of income as &#8216;Other operating income&#8217;.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The investment properties are derecognized, either at the moment of their disposal, or when they are permanently withdrawn from use and no future economic benefits are expected. The difference between the net disposal proceeds of the investment properties and the carrying value is recognized in net income in the period the disposal occurs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Transfers to or from the investment properties are only made when there is a change in its use. For a transfer from an investment property to premises and equipment, the cost taken into account for its subsequent accounting is the fair value at the time of the change in use. 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Intangible assets</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">An intangible asset is an identifiable non-monetary asset with no physical appearance. Separately acquired intangible assets are measured initially at their cost. The cost of intangible assets acquired in business combinations is their fair value at the date of acquisition. After the initial recognition, the intangible assets are accounted for at cost less any accumulated amortization and any accumulated impairment loss. The costs of internally generated intangible assets, excluding the costs from development that meet the recognition criteria, are not capitalized and the expense is reflected in the statement of income as it is incurred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The useful lives of intangible assets are determined as finite or indefinite. The intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. The Bank assesses its intangible assets in order to identify whether any indications of impairment exist, as well as possible reversal of previous impairment losses. The amortization period and the amortization method for intangible assets with a finite useful life are reviewed at least at the close of each period. The expected changes in the useful life or in the pattern of consumption of the future economic benefits of the asset are accounted for when changing the period or amortization method, as appropriate, and they are treated as changes in the accounting estimates. The amortization expense of intangible assets with finite useful lives is recognized in the statement of income. 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In the event that the assessment were not valid, the change from indefinite useful life to finite useful life is recognized prospectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The gain or loss that arises when an intangible asset is derecognized are measured as the difference between the disposal value and the carrying value of the asset, and is recognized in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#8217;s intangible assets comprise mainly intangibles of finite useful life: licenses, software and computer applications, client relationships and the legal stability agreement signed with the Ministry of Finance and Public Credit (See note 19 Income tax), customer relationships and patents. 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Costs directly related to the development of a stand-alone project are recognized as intangible assets when the following criteria are met:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Symbol"> &#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">It is technical feasible of to complete the intangible asset so that it will be available for use or sale;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Symbol"> &#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> Management intends to complete the intangible asset and use or sell it;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Symbol"> &#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">There is an ability to use or sell the intangible asset;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Symbol"> &#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">It can be demonstrated how the asset will generate probable future economic benefits;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Symbol"> &#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> Adequate technical, financial and other resources to complete the development and to use or sell the intangible asset are available; and</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Symbol"> &#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">The expenditure attributable to the intangible asset during its development can be reliably measured.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the statement of financial position, the related capitalized costs are recorded at cost less accumulated depreciation and accumulated impairment losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Costs are capitalized during the application development stage and amortized on a straight line basis since the beginning of the production stage over the period of expected future economic benefits. 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The research and development costs that do not qualify for capitalization are recorded as expenses in the income of the period.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><b>12.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Assets held for sale and discontinued operations</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A non-current asset or a disposal group of assets are classified as held for sale if their carrying value will be recovered through a sale transaction, rather than through continuing use. These assets or groups of assets are shown separately in the statement of financial position at the lower of their carrying value and their fair value less costs to sell and they are not depreciated nor amortized from the date of their classification.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The held for sale condition is met if the assets or group of assets are available, in their current condition, for immediate sale and the sale transaction is highly probable and is expected to be completed within the year following the date of classification.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank perform the measurement of the assets held for sale at the statement of financial position date. However these assets are evaluated quarterly if exist impairment indicators that imply review of the carrying value recorded in the accounts. If those indications are identified, impairment losses are recognized for the difference between the carrying and recoverable amount of an asset as &#8216;Impairment, depreciation and amortization&#8217; in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A discontinued operation is a component of an entity that has been disposed of, or is classified as held for sale and, represents a separate major line of business or a geographical area of operations, is part of a single coordinated and individual plan to dispose a separate major line of business or geographical area of operations or is a subsidiary acquired exclusively with a view to resale.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Income and expenses coming from a discontinued operation must be disclosed separately from those coming from continued operations, in a single item after the income tax, in the consolidated statement of income of the current period and comparatively with previous period even though the Bank retains a non-controlling interest in the subsidiary after the sale.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><b>13.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Impairment of non-financial assets, cash-generating units and goodwill</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank evaluates whether there is any indication that on a stand-alone basis, cash-generating units are impaired at the end of each period. 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Deferred tax assets and liabilities are measured based on the tax rate that, in accordance with the valid tax laws in each country where The Bank has operations, must be applied in the year in which the deferred tax assets and liabilities are realized or settled. 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div><b>22.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Paid-in capital</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Corresponds to the greater amount paid by the shareholders on the nominal value of the share.<font style="FONT-FAMILY: 'Times New Roman','serif'; 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Sociedad Fiduciaria</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banca de Inversi&#243;n Bancolombia S.A. Corporaci&#243;n Financiera</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investment banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Bancolombia S.A. Comisionista de Bolsa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Compa&#241;&#237;a de Financiamiento Tuya S.A. <sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.99%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Renting Colombia S.A.S (Before Renting Colombia S.A.)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Simesa S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inversiones CFNS S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">BIBA Inmobiliaria S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Vivayco S.A.S. <sup style="font-style:normal">(3)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Portfolio Purchase</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 74.95%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">FCP Fondo Colombia Inmobiliario.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63.47%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62.55%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50.21%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Patrimonio Autonomo Cartera LBC. <sup style="font-style:normal"> (4)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Loan management</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Prosicol S.A.S<sup style="font-style:normal">. (5)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Pre-operating stage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Fideicomiso "Lote Abelardo Castro".</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mercantil trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> </tr> </table> &#160;&#160; <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>ENTITY</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>JURISDICTION</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INCORPORATION</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BUSINESS</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Panam&#225; S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Bancolombia Panam&#225; S.A. <sup style="font-style:normal"> (6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Sistemas de Inversiones y Negocios S.A. Sinesa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banagr&#237;cola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Investment Corporation S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financomer S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Leasing Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Panam&#225; Fondos de Inversi&#243;n S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Renta Fija Internacional Largo Plazo S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collective investment fund</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Renta Fija Internacional Corto Plazo S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collective investment fund</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financiera Flash S.A. <sup style="font-style:normal"> (7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Grupo Financomer S.A. <sup style="font-style:normal"> (7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities Banistmo S.A. <sup style="font-style:normal"> (8)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Asset Management Inc. <sup style="font-style:normal"> (9)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Capital Markets Group Inc. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Van Dyke Overseas Corp. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inmobiliaria Bickford S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Williamsburg International Corp. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Anavi Investment Corporation S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Desarrollo de Oriente S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Steens Enterpresies S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Portfolio holder</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Ordway Holdings S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Grupo Agromercantil Holding S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banco Agr&#237;cola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendadora Financiera S.A. Arfinsa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.37%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Credibac S.A. de C.V.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Credit card services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Banagr&#237;cola S.A. de C.V.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inversiones Financieras Banco Agr&#237;cola S.A. IFBA</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> </tr> </table> &#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>ENTITY</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>JURISDICTION</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INCORPORATION</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BUSINESS</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Gestora de Fondos de Inversi&#243;n Banagricola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Administers investment funds</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendamiento Operativo CIB S.A.C.<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Fondo de Inversi&#243;n en Arrendamiento Operativo - Renting Per&#250; <sup style="font-style:normal">(12)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Capital Investments SAFI S.A.<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> FiduPer&#250; S.A. Sociedad Fiduciaria<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Leasing Per&#250; S.A. <sup style="font-style:normal"> (12)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banagr&#237;cola Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Outsourcing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banco Agromercantil de Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Seguros Agromercantil de Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Insurance company</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financiera Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Agrovalores S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Tarjeta Agromercantil S.A. <sup style="font-style:normal"> (13)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Credit Card</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendadora Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Agencia de Seguros y Fianzas Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Insurance company</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Asistencia y Ajustes S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Serproba S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Maintenance and remodelling services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios de Formalizaci&#243;n S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Loans formalization</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Conserjeria, Mantenimiento y Mensajer&#237;a S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Maintenance services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Media Plus S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advertising and marketing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Mercom Bank Ltd.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Barbados</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">New Alma Enterprises Ltd.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bahamas</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Puerto Rico Internacional Inc.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Puerto Rico</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Caym&#225;n S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Cayman Islands</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bagr&#237;cola Costa Rica S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Costa Rica</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Outsourcing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Bancolombia S.A. Corp during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>During 2016, the Bank sold 50% of the shares of the Compa&#241;&#237;a de Financiamiento Tuya S.A.to Grupo Exito, therefore it became a joint business of Grupo Bancolombia. See Note 7: 'Investments in associates and Joint Ventures'.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment liquidated by Inversiones CFNS S.A.S. during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment liquidated as result of fusion of Bancolombia S.A. and Leasing Bancolombia during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment sold by Valores Simesa S.A. during 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(6)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment initially acquired by Banistmo S.A. and subsequently merged with Valores Banistmo S.A during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(7)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Financomer S.A. during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(8)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Valores Banistmo S.A. during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(9)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(10)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investments in non-operational stage.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(11)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment classified as assets held for sale. See Note 12. Assets held for sale and Inventories.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(12)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment in legal liquidation process.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(13)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment liquidates by Grupo Agromercantil Holding S.A. during 2017.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank consolidates the following funds:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Country</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>% of ownership</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>interest held by</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>the Bank, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>% of ownership</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>interest held by</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>the Bank, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>% of ownership</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>interest held by</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>the Bank, 2015</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets managed</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>FCP Fondo Colombia Inmobiliario</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63.47%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62.55%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50.21%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,698,224</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,009,382</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Fideicomiso &#8220;lote Abelardo Castro&#8221;</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.50%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,343</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,172</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Suvalor Panam&#225; Fondo de Inversi&#243;n</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panam&#225;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 224</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Fondo de Inversi&#243;n en Arrendamiento Operativo Renting Per&#250;</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Per&#250;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2017, 2016 and 2015, related to the FCP Colombia Inmobiliario: <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,698,224</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,009,382</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,550,219</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,048,867</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>655,315</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>661,973</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,649,357</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,354,067</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>888,247</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed statement of income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Income</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 17.3pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Valuation of investment properties</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 81,816</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 52,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 94,810</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 17.3pt; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,616</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,318</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>418,733</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>188,873</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>227,809</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net Income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>263,241</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>63,233</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>129,603</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>&#160;</b></div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>Condensed cash flow</b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Net cash (used in) provided by operating activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (394)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (372)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (82)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Net cash (used in) provided by investing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Net cash (used in) provided by financing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 409</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 375</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 82</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Cash and cash equivalents at beginning of year</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash and cash equivalents at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>18</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2017, 2016 and 2015 of Grupo Agromercantil Holding. <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,191,869</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,795,358</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,137,258</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,847,895</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,477,427</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,792,953</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,343,974</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,317,931</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,344,305</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed statement of income</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 389,463</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 393,972</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total fees and commission, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,565</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 58,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 54,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55,942</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received and equity method</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 608</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 779</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>545,882</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>509,438</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (445,038)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (435,430)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income tax</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,546)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>79,298</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>62,811</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed cash flow</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by operating activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,850</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (136,878)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by investing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,427)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,157)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by financing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87,103)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (77,684)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash and cash equivalents at beginning of year</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,098,861</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,359,176</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash and cash equivalents at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,203,181</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;1,140,457</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Other comprehensive income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments&#160;&#160;at fair&#160;&#160;value&#160;&#160;through OCI</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,241</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Translation adjustment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,758</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,195)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (537,196)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,042)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,959</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total other comprehensive income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,957</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(53,554)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(537,196)</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below sets forth the exchange rate used by the Bank and its subsidiaries to convert statement of financial position accounts and transactions in U.S. dollar into Colombian pesos:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 95%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 34%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="center"><b>December 31, 2017</b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="center"><b>December 31, 2016</b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="center"><b>December 31, 2015</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Closing exchange rate</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,984.00</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,000.71</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,149.47</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Average rate for the period ended at</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,951.21</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,053.20</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,746.55</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; 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PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="center"><b><i>Useful life range</i></b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Buildings</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">10 to 75 years</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Furniture and fixtures</font></div> </td> <td style="TEXT-ALIGN: center; 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It sells and distributes equities, futures, foreign currencies, fixed income securities, mutual funds and structured products.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 21.3pt"> <div><font style="FONT-FAMILY:Symbol">&#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Off Shore</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">This segment provides a complete line of offshore banking services to Colombian and foreign customers through Bancolombia Panam&#225; S.A., Bancolombia Caym&#225;n S.A., and Bancolombia Puerto Rico International, Inc. It offers loans to private sector companies, trade financing, leases financing and financing for industrial projects, as well as a complete portfolio of cash management products, such as checking accounts, international collections and payments. Through these subsidiaries, the Bank also offers investment opportunities in U.S. dollars, savings and checking accounts, time deposits, and investment funds to its high net worth clients and private banking customers.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 21.3pt"> <div><font style="FONT-FAMILY:Symbol">&#8901;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>All other segments</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">This segment provides financial and operational leases activities, including cross-border and international leasing services to clients in Colombia, Central America, Mexico and Brazil. Bancolombia offers these services mainly through the following Subsidiaries: Renting Colombia S.A.S., Arrendamiento Operativo CIB S.A.C., Transportempo S.A.S. and Capital Investment Safi S.A. This segment also includes results from small operation of particular investment vehicles of Bancolombia: Valores Simesa S.A., BIBA Inmobiliaria S.A.S., Inversiones CFNS S.A.S., Sistema de Inversiones y Negocios S.A. Sinesa, Banagr&#237;cola S.A., Inversiones Financieras Banco Agr&#237;cola and others.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The investment in Arrendamiento Operativo CIB S.A.C. and Capital Investment Safi S.A. are classified as Asset held for sale in Statement of Financial Position. For further information, see note 12 Assets held for sale and inventories.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Financial performance by operating segment:</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The CODM reviews the performance of the Bank using the following financial information by operating segment:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,685,677</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on loans and financial leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,576,159</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,374,398</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 830,050</font></div> </td> <td style="TEXT-ALIGN: right; 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PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 93,154</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,582</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100,193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 94</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,147</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,329</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 735</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 859,731</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 859,731</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (54,156)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 438</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7,661)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,085</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (289)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (55,583)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,084)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (61,667)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liquidity operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (140,006)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,456</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,174</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,141)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 601</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,430</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,817</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,245)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (85,914)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (58)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (85,972)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,791,976)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(523,312)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(256,994)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(348,726)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(102)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(72)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(226,304)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(85,928)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,233,414)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>428</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,232,986)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,192,325</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>972,134</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>625,812</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>516,312</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>692</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>94</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,844</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>218,345</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(75,727)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,458,831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,140)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,452,691</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total credit impairment charges, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,196,065)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (46,468)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (110,018)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (125,877)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (549)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (147)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,541</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,696</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,470,421)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,576</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,461,845)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,996,260</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>925,666</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>515,794</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>390,435</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>143</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>560</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,697</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>224,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,031)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,988,410</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,436</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,990,846</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues (Expenses) from transactions with other operating segments of the Bank</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (59,884)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,837)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (963)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (972)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (33,024)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,209</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 53,075</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,327</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (48,931)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total fees and commission income, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,588,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 205,645</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 170,834</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,565</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283,666</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 28,695</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 96,703</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,270</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,569</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,504,193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,504,193</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 673,850</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,784</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,405)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 54,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,560</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,886</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,647)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,280</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 874,126</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,612,680</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,666</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,632,346</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received, and share of profits of equity method investees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (53,141)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,038</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 324</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 608</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,249</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (70,114)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,278</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (239,328)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (61,156)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (385,242)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 651,412</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 266,170</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Joint venture impairment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (173,339)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (173,339)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (173,339)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,145,331</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,119,296</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>679,584</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>545,882</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>282,594</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(196,103)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>159,106</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>108,435</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>702,577</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,546,702</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>673,514</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,220,216</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses <sup style="font-style:normal"> (3)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,717,591)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (569,219)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (383,002)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (343,646)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (113,482)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,100)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (101,255)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (56,593)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (430,212)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,749,100)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 538</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,748,562)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment, depreciation and amortization</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (147,034)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (55,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,671)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (101,392)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (540)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (133)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,398)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (967)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (137,377)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (478,709)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (174)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (478,883)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,864,625)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(624,416)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(417,673)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(445,038)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(114,022)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(34,233)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(102,653)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(57,560)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(567,589)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(7,227,809)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>364</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(7,227,445)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Profit before tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,280,706</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>494,880</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>261,911</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>100,844</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>168,572</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(230,336)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>56,453</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>50,875</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>134,988</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,318,893</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>673,878</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,992,771</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes imparment recognition in joint venture Compa&#241;&#237;a de Financiamiento Tuya S.A.For more information see Note 7 Investments in associates and joint ventures</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="12"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> banking</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Off shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total before</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjustments for</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> consolidation<sup style="font-style:normal">(1)</sup></b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total after</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="12"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total interest and valuation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,586,785</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,399,852</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>901,757</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>869,329</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>827</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>136</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,160</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>442,107</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,299</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,248,252</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>500,553</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,748,805</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on loans and financial leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,196,951</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,284,986</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 844,687</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 763,031</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 431,381</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,819</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,546,855</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 473,487</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,020,342</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total Debt investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 464,504</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 94,284</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 48,264</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 96,081</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 136</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,094</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,205</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,145</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 740,996</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,718</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 742,714</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,274</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,323</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,113)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,750)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,750)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liquidity operations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,473)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,308</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,806</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,894</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 544</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,179</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,472)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,365</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,849)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,348</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,501)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,542,701)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(457,611)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(252,011)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(348,219)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(20)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(33)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(252,030)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(99,991)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,952,616)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(100,484)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,053,100)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,044,084</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>942,241</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>649,746</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>521,110</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>807</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>136</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,127</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>190,077</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(69,692)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9,295,636</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>400,069</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9,695,705</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total credit impairment charges, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> (</i>1,797,848)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (367,781)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (55,985)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (127,839)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (164)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (423)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (25)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (52,294)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 871</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,401,488)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (329,664)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,731,152)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,246,236</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>574,460</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>593,761</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>393,271</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>643</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(287)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,102</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>137,783</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(68,821)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,894,148</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>70,405</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,964,553</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues (Expenses) from transactions with other operating segments of the Bank</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (65,915)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20,600)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,054)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 701</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (22,893)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,891</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 38,677</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99,914</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (39,721)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total fees and commission income, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,269,298</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 180,286</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 158,262</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 58,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 238,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,821</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 80,060</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,502</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,724</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,046,443</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 272,521</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,318,964</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 603,860</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,828</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,302</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55,942</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,500</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,285</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,923)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,961</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 874,978</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,576,733</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (89,610)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,487,123</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received, and share of profits of equity method investees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (264,715)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,692</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 711</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 779</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,873</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 202,062</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,567</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (269,096)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (175,595)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (451,722)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 628,414</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 176,692</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,788,764</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>757,666</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>750,982</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>509,438</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>246,868</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>236,772</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>158,483</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,064</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>604,565</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,065,602</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>881,730</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,947,332</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,150,984)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (589,535)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (390,309)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (323,001)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87,951)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,662)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (110,317)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (60,688)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (400,243)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,139,690)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (321,551)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,461,241)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment, depreciation and amortization</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (147,261)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (62,459)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (50,323)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (112,429)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (612)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,980)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (972)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (137,672)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (513,801)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,008)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (517,809)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,298,245)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(651,994)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(440,632)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(435,430)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(88,563)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(26,755)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(112,297)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(61,660)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(537,915)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,653,491)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(325,559)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,979,050)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Profit before tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,490,519</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>105,672</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>310,350</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>74,008</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>158,305</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>210,017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>46,186</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(49,596)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>66,650</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,412,111</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>556,171</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,968,282</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="12"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> banking</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Off shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total before</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjustments for</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> consolidation<sup style="font-style:normal">(1)</sup></b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total after</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="12"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total interest and valuation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,992,368</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,119,540</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>728,582</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>626</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>287</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,157</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>291,249</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>112,858</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,266,667</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,977</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,269,644</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on loans and financial leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,785,739</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,041,780</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 706,582</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 310,077</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 109,062</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,953,240</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,953,240</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total Debt investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 249,459</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 64,466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,747</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 185</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,502</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,425</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,070</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,070</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50,362</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,704</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,161</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,392)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,835</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,835</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liquidity operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93,192)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,590</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,253</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 441</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 997</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7,938)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,371</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (84,478)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,977</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (81,501)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(3,192,822)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(363,373)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(187,743)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(367)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(236)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(652)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(215,592)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(77,156)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,037,941)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,037,941)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,799,546</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>756,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>540,839</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>259</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>51</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,505</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>75,657</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>35,702</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,228,726</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,977</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,231,703</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total credit impairment charges, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,509,519)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (82,344)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,933)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,204)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 127</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (177)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (49,830)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,219)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,675,099)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,675,101)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,290,027</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 673,823</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 513,906</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,945)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 178</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,328</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,827</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,483</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,553,627</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,975</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,556,602</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues (Expenses) from transactions with other operating segments of the Bank</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (68,915)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,098)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,475)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,833)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,355</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,734</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95,495</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,263)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total fees and commission income, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,347,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 136,372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 140,398</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 218,190</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,327</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 78,124</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,325</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,334</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,993,069</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (25)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,993,044</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 483,556</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 104,448</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,507</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,080</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,325)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,281</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 772,959</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,389,530</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,828)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,372,702</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received, and share of profits of equity method investees</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (40,115)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 69,127</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,716</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,573</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,018</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,473)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141,261)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (159,583)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (217,998)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 429,572</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 211,574</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,012,552</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>977,672</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>647,569</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>223,492</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>73,958</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>122,388</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>28,667</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>631,930</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,718,228</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>415,694</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9,133,922</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,836,019)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (606,582)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (330,362)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (85,918)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (22,635)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (111,255)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (73,425)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (354,811)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,421,007)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,421,002)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment, depreciation and amortization<sup style="font-style:normal">(3)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (247,446)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (49,590)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (27,761)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (466)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,274)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (17,254)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (133,401)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (477,285)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (477,285)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,083,465)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(656,172)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(358,123)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(86,384)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(22,728)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(112,529)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(90,679)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(488,212)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,898,292)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,898,287)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Profit before tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,929,087</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>321,500</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>289,446</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total after</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total assets</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 142,207,844</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 28,119,504</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,978,363</font></div> </td> <td style="TEXT-ALIGN: right; 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PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="13"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="13"> <div><font style="COLOR: rgb(47,117,181); FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> banking</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;Off shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total before</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjustments for</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> consolidation</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total after</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total assets</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 133,756,071</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,224,292</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,967,451</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,795,358</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 412,350</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,462,616</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 289,563</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,169,041</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,392,706</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 214,469,448</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (18,208,404)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 196,261,044</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liabilities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (117,840,080)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,525,160)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,278,967)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,477,427)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (74,729)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (119,090)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (51,937)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (14,462,907)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,145,663)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (180,975,960)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;banking</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (467)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 147</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,449)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,576)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Off</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></div> </td> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97,452</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 404,185</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Provisions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,130,261</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 381,531</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 104,864</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Information about products and services</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank does not report revenues from external customers for each product and service or each group of similar products and services, because the information is not available and the cost to develop it is excessive.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>As of December 31,</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Geographic</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> information</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> valuation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Long-lived</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> assets<sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> valuation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Long-lived</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> assets <sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> valuation</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 27%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Colombia</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,108,005</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,353,782</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,695,937</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,180,137</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,335,345</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Panama</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,986,741</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 297,832</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,898,058</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 414,451</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,470,692</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Puerto Rico</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,556</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 56,519</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 551</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 43,672</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Peru<sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 658</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 115,840</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,753</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 112,209</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,810</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>El Salvador</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 883,538</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 280,562</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 902,371</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 397,065</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 729,258</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Costa Rica</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 80</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Guatemala</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 866,049</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 166,662</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 870,283</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 259,072</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,913,547</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,215,146</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,438,921</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,363,584</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,598,777</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Eliminations and translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (220,667)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,999,471</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 309,884</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,075,268</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (329,133)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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For further information, see Note 12 Assets held for sale and inventories</i></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 8785739000000 1041780000000 706582000000 0 0 0 310077000000 109062000000 10953240000000 0 366070000000 249459000000 64466000000 19747000000 185000000 287000000 14999000000 15502000000 1425000000 366070000000 0 31835000000 50362000000 2704000000 0 0 0 5161000000 -26392000000 0 31835000000 0 -81501000000 -93192000000 10590000000 2253000000 441000000 0 997000000 -7938000000 2371000000 -84478000000 2977000000 12951000000 6092000000 29000000 0.1460 0.0100 0.2500 2614000000 3493000000 30815282000000 759852000000 7842992000000 22212438000000 22248951000000 526604000000 6188894000000 15533453000000 8566331000000 22248951000000 447361000000 21801590000000 20921000000 19061000000 217179000000 Development and operation of commercial spaces Administration of pension funds and severances Construction of public works through an awarding system Advisory services, consultation, representation, agent for individuals or company Manufacturing, elaboration and commercialization of packages and pharmaceutical products Colombia Colombia Colombia Panama Colombia 0.4900 0.2058 0.2550 0.2100 0.2100 410860000000 1667680000000 144146000000 72576000000 3305000000 1906000000 1071000000 6756000000 3109000000 1471000000 418000000 -226000000 123000000 -1171000000 -458000000 0 12465000000 -756000000 -1417000000 -11704000000 127000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>NOTE 9. 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,185,296</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 130,766</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (27,041)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,973)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,491</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,304,539</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 284</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (285,118)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Furniture and fixtures</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 572,699</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,187</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,853)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (334,054)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Computer equipment</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 717,464</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100,939</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,301)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,025)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (39)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (562)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 782,476</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,740</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,019</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (497,976)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Vehicles</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,461,628</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 650,232</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (305,457)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (318,880)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (32,845)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,969)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,410,709</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (387,491)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,866)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (144,159)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,022</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 113,100</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,740</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,378</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (371,276)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Airplane</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60,614</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (59,614)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,000)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,227)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (356)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,480</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 103</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Ongoing Imports</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,929</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,472</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,744)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (155)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,502</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leasehold improvements</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 248,358</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 61,284</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7,812)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,330)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 297,500</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (68,485)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (28,631)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,723)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 176</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (126,663)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,615,370</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,042,779</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(523,586)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(325,016)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(38,894)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(28,161)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,742,492</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - accumulated depreciation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,499,673)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,866)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(316,281)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>49,903</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>118,935</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,788</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>19,107</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,615,087)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,115,697</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,039,913</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(316,281)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(473,683)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(206,081)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(23,106)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(9,054)</b></font></div> </td> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Premises and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> January 1,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (59,873)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (766)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,228)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>32,883</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,185,109</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 88,506</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,997)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,293)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20,029)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 531,176</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 74,117</font></div> </td> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 761,961</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 92,723</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (89,771)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 83,763</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,864</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,269</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(477,339)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Vehicles</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,240,211</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 682,070</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 146</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (278,175)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (185,937)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,313</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,461,628</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (342,606)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (134)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141,290)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,889</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 89,872</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,202)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63,619</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,005)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>60,614</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,126)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,336)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 235</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,192</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59,777</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (54,598)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,442)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,929</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leasehold improvements</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283,666</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 23,055</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,640)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (14,723)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>248,358</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (81,136)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,704)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,598</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,757</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(68,485)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,504,163</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,054,676</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,523</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(629,178)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(214,305)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(104,509)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,615,370</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - accumulated depreciation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,451,897)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,769)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,492)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(329,258)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>149,368</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>106,305</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,070</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,499,673)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,052,266</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(108,000)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,439)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,115,697</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The amount corresponds to the activation of elements in the Banco Agricola&#8217;s headquater construction.</i></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, there were no contractual commitments for the purchase of premises and equipment, or premises and equipment pledged as collateral.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, the assessment made by the Bank indicates there is no evidence of impairment of its premises and equipment.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 35346000000 17951000000 10707000000 7338000000 7155000000 6219000000 3302000000 1011000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016 the premises and equipment consisted of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Premises and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> January 1,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Roll - forward</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>31, 2017</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Subsidiary</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> liquidation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Effect of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> changes</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>in foreign</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> exchange</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> rate</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Land</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (283)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 337,362</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Construction in progress</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,185,296</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 130,766</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 572,699</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,187</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,853)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (334,054)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Computer equipment</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 717,464</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100,939</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,301)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,025)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (39)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (562)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 782,476</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,740</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,019</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (497,976)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Vehicles</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,461,628</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 650,232</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (305,457)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (318,880)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (32,845)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,969)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,410,709</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 113,100</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,740</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,378</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (371,276)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Airplane</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60,614</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 103</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Ongoing Imports</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,929</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,472</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leasehold improvements</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 248,358</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 61,284</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7,812)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,330)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 297,500</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (68,485)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (28,631)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,723)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 176</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (126,663)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,615,370</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,042,779</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(523,586)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(325,016)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(38,894)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(28,161)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,742,492</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - accumulated depreciation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,499,673)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,866)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(316,281)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>49,903</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>118,935</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,788</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>19,107</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,615,087)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,115,697</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,039,913</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(316,281)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(473,683)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(206,081)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(23,106)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(9,054)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,127,405</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Premises and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> January 1,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Roll - forward</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>31, 2016</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Acquisitions</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="10"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 26%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Land</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 2%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 355,907</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,692)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (12,716)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>334,499</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Construction in progress</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 61,322</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34,428</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (59,873)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (766)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,228)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>32,883</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Buildings&#160;&#160;</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,185,109</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 88,506</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,997)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,293)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20,029)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,185,296</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (269,316)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (54)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (31,007)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,942</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,569</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,466</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(259,400)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Furniture and fixtures</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 531,176</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 74,117</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,029</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (19,962)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (14,661)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>572,699</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated&#160;&#160;&#160;depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (270,193)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,243)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (866)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,150)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,176</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,545</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 761,961</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 92,723</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,348</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (120,241)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,309)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,018)</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (89,771)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 83,763</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,864</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,269</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,240,211</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 682,070</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,005)</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,336)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 235</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,192</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59,777</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (54,598)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,442)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,929</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leasehold improvements</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Cost</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283,666</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 23,055</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (43,640)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (14,723)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>248,358</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;Accumulated depreciation</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (81,136)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,704)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,598</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,757</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(68,485)</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,504,163</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(214,305)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(104,509)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,615,370</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total premises and equipment - accumulated depreciation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,451,897)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,769)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,492)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(329,258)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>149,368</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>106,305</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,051,907</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,031</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(329,258)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(479,810)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(108,000)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,439)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,115,697</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The amount corresponds to the activation of elements in the Banco Agricola&#8217;s headquater construction.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6307000000 471312000000 9383000000 0 0 0 0 0 0 0 0 0 0 0 -5000000 -1000000 -67000000 0 Construction of civil engineering projects Colombia 0 -141000000 0 0 0 0 239333000000 0 757886000000 3879559000000 380612000000 235647000000 35278000000 1262837000000 29499000000 Financing company Network data transmission services Investment in infrastructure projects Colombia Colombia Colombia 0.500 0.500 0.500 14269000000 20778000000 1663000000 -6385000000 0 0 0 0 0 225548000000 4688000000 0 Administration of the customers loyalty Colombia 0.500 -1787000000 0 0 7213000000 757886000000 434318000000 569724000000 506046000000 604336000000 153550000000 300926000000 263927000000 170434000000 173339000000 22550000000 275930000000 1514000000 30320000000 12342000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: bold 16pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192)" align="justify">NOTE 8. GOODWILL AND INTANGIBLE ASSETS, NET</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Intangibles assets and goodwill are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Intangible assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 535,465</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 563,942</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Goodwill</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,095,959</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,130,095</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,631,424</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,694,037</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>8.1. Intangible assets</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets forth the Bank's intangible assets as of December 31, 2017 and 2016, including the reconciliation of initial and final balances of the cost and accrued amortization:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at January 1, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,533)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(204,296)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,559)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(281,388)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Write off</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,690</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Amortization expense</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,493)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (50,673)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (63,586)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (116,752)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (14)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,008</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (90)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 904</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,040)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(209,271)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(138,235)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(352,546)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Intangible assets at December 31,&#160;&#160;2017, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,602</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>338,410</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>184,453</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>535,465</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trademarks</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Licenses,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> software and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> computer</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> applications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at January 1, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>18,620</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,032,334</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>340,582</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,391,536</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Acquisitions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 122,729</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 122,729</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Write off&#160;&#160; <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (636,826)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (636,826)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (879)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,143)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,087)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (32,109)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,741</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>503,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>324,495</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>845,330</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Licenses,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> software and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> computer</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> applications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; 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These costs were incurred during the analysis and design of particular solutions in connection with the updating and replacement of the mortgage core factoring and the implementation of SQL Reporting Services. 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These expenses were not recorded as assets due to the lack of characterists to be reliably identifiable, and those assets do not support critical processes to be recognized as intangible assets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>8.2 Goodwill</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets forth an analysis of the activity in the goodwill account:</div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0px; PADDING-LEFT: 0px"> <div style="CLEAR:both;CLEAR: both">&#160;<font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at beginning of the year, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,130,095</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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Recoverable amount is determined by management by reference to market value, if available, by pricing models, or with the assistance of a valuation specialist. 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Each operating segment represent a group of cash generating units. Evaluating the goodwill impairment at an operating segment level ensure the alignment with the approach used by the CODM to make decisions about resources to be allocated to the segments and assess its performance.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Sensitivity analysis:</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to assess the impact of changes in certain significant inputs as the discount rate and the growth rate in the operating segments&#8217; recoverable amount, the Bank made a sensitivity analysis of these inputs through the definition of alternative scenarios with their future evolution. The tables below present the estimated recoverable amount of each operating segment obtained as a result of sensitivity analysis:</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking Panama</b></div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;COP 11,917,875</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking El Salvador</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.55%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.30%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,05%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.40%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,520,931</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,588,656</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,660,269</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.15%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.40%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.65%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.30%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,564,330</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,588,656</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,614,375</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking Guatemala</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Growth rate</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Discount rate</strong></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.55%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.05%</strong></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,239,238</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,339,936</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,449,482</font></div> </td> </tr> <tr> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Discount rate</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Growth rate</strong></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.05%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.55%</strong></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,295,042</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,339,936</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,388,737</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking Panama</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.75%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.50%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.25%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6.60%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 8,690,384</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 9,444,020</font></div> </td> <td style="white-space:nowrap; 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(a subsidiary of Bancolombia S.A.) and BAM Financial Corporation (BFC), entered into a stock purchase agreement, pursuant to which Bancolombia Panama agreed to purchase from BFC a 40% stake in the capital stock of the Panamanian company Grupo Agromercantil Holding (GAH).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On October 1, 2013, after obtaining the required regulatory authorizations Bancolombia Panama acquired 40% of the common stock of GAH. The consideration paid by Bancolombia was USD 217,000 in cash. Likewise, the agreement set forth a series of call options held by Bancolombia Panama and put options held by BFC, with which after 5 years since that date Bancolombia Panama had the right to buy and BFC the obligation to sell, the number of voting shares required to hold 51% of the total share capital of GAH, on the other hand, during 5 years since the effective date, BFC had the right to sell and Bancolombia Panama the obligation to buy, any number of voting shares; however, the option never could be for a number of shares that would result in a 50%/50% of ownership over GAH as of October 2013.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In September 2015, the Share Purchase Agreement aforementioned was modified, BFC agreed to sell 40,540,000 common shares of Grupo Agromercantil (equivalent to 20% of the subscribed and paid capital) to Bancolombia Panama. The consideration paid in cash by Bancolombia Panama was USD 151,500.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The acquisition achieved in stages of GAH and its subsidiaries was accounted for under the acquisition method in accordance with IFRS 3. Accordingly, the Bank remeasured its previously held equity interest in GAH at its acquisition-date fair value and recognized the resulting gain or loss considering any other comprehensive income previously recorded related to currency translation adjustment and equity method adjustment. The purchase price was allocated to the acquired assets and liabilities based on their estimated fair values at the acquisition date. All acquired loans were also recorded at fair value. Goodwill of USD 233,396 (COP 735,073) was calculated as the purchase premium after adjusting for the fair value of net assets acquired, and the related deferred tax amounts of USD 28,954 (COP 91,191).</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Intangibles assets and goodwill are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Intangible assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 535,465</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 563,942</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Goodwill</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,095,959</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,130,095</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the Bank's intangible assets as of December 31, 2017 and 2016, including the reconciliation of initial and final balances of the cost and accrued amortization:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trademarks</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Licenses,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> software and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> computer</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> applications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 70,681</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 70,681</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Write off&#160;&#160;</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,296)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,296)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (99)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,798)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,807)</font></div> </td> <td style="white-space:nowrap; 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BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amortization</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trademarks</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Licenses,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> software and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> computer</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> applications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at January 1, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,533)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(204,296)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,559)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(281,388)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Write off</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,690</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Amortization expense</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,493)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (50,673)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (63,586)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (116,752)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (14)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,008</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (90)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 904</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,040)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(209,271)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(138,235)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(352,546)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Intangible assets at December 31,&#160;&#160;2017, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,602</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>338,410</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>184,453</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>535,465</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Cost</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trademarks</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Licenses,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> software and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> computer</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> applications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at January 1, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>18,620</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,032,334</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>340,582</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,391,536</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Acquisitions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 122,729</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 122,729</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Write off&#160;&#160; <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (636,826)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (636,826)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (879)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,143)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,087)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (32,109)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,741</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>503,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>324,495</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>845,330</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 4.5pt"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 9pt"> <div style="CLEAR:both;CLEAR: both"><b><i><sup style="font-style:normal">1.</sup></i></b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>In 2016, the Parent Company noticed that some licenses, software and computer applications amounting to COP 549,191 were recognized on the balance sheet even though their useful life were completely amortized and the Bank did not use them for several years. This amount has been written off.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amortization</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trademarks</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Licenses,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> software and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> computer</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> applications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Client</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> relationships</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at January 1, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(783,950)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 15.4pt; PADDING-LEFT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(783,950)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Write off</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 641,989</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 641,989</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Amortization expense</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,578)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (71,540)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (75,658)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (149,776)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 45</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,205</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,099</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,349</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,533)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(204,296)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,559)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(281,388)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Intangible assets at December 31,&#160;&#160;2016, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,208</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>298,798</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>249,936</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>563,942</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth an analysis of the activity in the goodwill account:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0px; PADDING-LEFT: 0px"> <div style="CLEAR:both;CLEAR: both">&#160;<font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at beginning of the year, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,130,095</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,484,669</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Effect of change in foreign exchange rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,136)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (354,574)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at end of the year, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,095,959</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,130,095</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The key assumptions used by management in determining the recoverable amount are:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Operating segment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Goodwill 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Valuation</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Methodology</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Key</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumptions</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Discount</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Rate (real)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Growth</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>rate (real)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Banking El Salvador</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP&#160;&#160;&#160;&#160;842,126</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> Discounted<br/> cash flow</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>5 years plan</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12.30%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking Panama</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.15%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 10,161,356</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 10,939,812</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;COP 11,917,875</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking El Salvador</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.55%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.30%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,05%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.40%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,520,931</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,588,656</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,660,269</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.15%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.40%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.65%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.30%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,564,330</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,588,656</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 2,614,375</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking Guatemala</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Growth rate</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Discount rate</strong></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.55%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.05%</strong></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,239,238</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,339,936</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,449,482</font></div> </td> </tr> <tr> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Discount rate</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Growth rate</strong></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.05%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.55%</strong></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>11.30%</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,295,042</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,339,936</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">COP 2,388,737</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking Panama</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.75%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.50%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9.25%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 31%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6.60%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 8,690,384</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 9,444,020</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 23%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> COP 10,339,834</font></div> </td> </tr> <tr> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6.35%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6.60%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6.85%</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Banking El Salvador</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.45%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12.20%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Discount rate</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Growth rate</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3.15%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; 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however, the option never could be for a number of shares that would result in a 50%/50% of ownership over GAH as of October 2013. 0.2 40540000 151500000000 233396000000 735073000000 28954000000 91191000000 549191000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><font style="FONT-SIZE: 16pt"><b>NOTE 10. 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at the beginning of the year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,581,689</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,505,046</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Acquisitions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 92,102</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,034</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Sales/Write-offs</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (71,955)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (72,682)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Classified to Assets held for sale</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,008)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Gains on valuation <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55,573</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 149,299</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance at the end of the period<sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,657,409</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,581,689</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>See note 24.4. Other operating income.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Between December 31, 2016 and 2017 there were no transfers in and out of Level 3 fair value hierarchy related with investment properties. See Note 29 Fair value of assets and liabilities.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The valuation adjustments recorded by the Bank's related to its investment properties are detailed below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> beginning of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>the year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Appraisals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net increase</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (decrease) in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> investment properties</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjusted fair value at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>the end of the year</b> <sup style="font-style:normal"> (1)</sup></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,355,717</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 49,721</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,847</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,413,285</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Lands</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,972</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,852</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,300</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 244,124</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,581,689</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>55,573</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,147</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,657,409</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> beginning of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>the year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Appraisals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net increase</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (decrease) in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> investment</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> properties</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Classified to</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> assets held&#160;for</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjusted fair value</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>at the end of the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> year</b> <sup style="font-style:normal">(1)</sup></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,275,566</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 52,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,608</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,355,717</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Lands</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 229,480</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 96,756</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (71,256)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,008)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,972</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,505,046</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>149,299</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; 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The appraisers are either approved by the Property Market Auctions of Colombia or foreign appraisers, who are required to provide a second signature by a Colombia appraiser accredited by the Property Market Auctions.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Fair value appraisals are carried out in accordance with IFRS 13. The reports made by the external consulting company contain the description of the valuation methodologies used, and key assumptions such as: discount rates, calculation of applied expenses and income approach, among others. The fair value of the investment properties is based on the comparative market approach, which reflects the prices of recent transactions with similar characteristics. Upon determining the fair value of these investment properties, the greater and best use of these investment properties is their present use. For further information about measurements techniques and inputs used by consulting companies, please see Note 29 Fair Value of assets and liabilities.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, the Bank does not have investment properties held under financial leases.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below sets forth the reconciliation between the initial balance account and the balance at the end of the period, at fair value:</div> <div style="CLEAR:both; 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Other operating income.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Between December 31, 2016 and 2017 there were no transfers in and out of Level 3 fair value hierarchy related with investment properties. 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> beginning of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>the year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Appraisals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net increase</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (decrease) in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> investment properties</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjusted fair value at</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>the end of the year</b> <sup style="font-style:normal"> (1)</sup></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,355,717</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 49,721</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,847</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 244,124</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,581,689</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>55,573</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,147</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,657,409</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance at the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> beginning of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>the year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Appraisals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net increase</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (decrease) in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> investment</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> properties</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Classified to</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> assets held&#160;for</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjusted fair value</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>at the end of the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> year</b> <sup style="font-style:normal">(1)</sup></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; 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FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 63%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 4%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>31, 2017</b></font></div> </td> <td style="white-space:nowrap; 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PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Income from rentals</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 77,964</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 66,838</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,295</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,495</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,539</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1413285000000 244124000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: -21.3pt; MARGIN: 0px 0px 0px 21.3pt; FONT: bold 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><font style="FONT-SIZE: 16pt">NOTE 11. INCOME TAX</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The income tax is recognized in each country where the Bank has operations, in accordance with the tax regulations in force in each of the jurisdictions.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The deferred tax asset and liability is recognized based on the temporary differences arising from the future estimate of tax and accounting effects attributable to differences between assets and liabilities in the Financial Statements and its tax base.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to adequately comply with tax obligations on a timely basis, the Bank constantly analyzes and interprets current tax legislation that is applicable to its operations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 24pt"> <div><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>11.1.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Components recognized in the Income Statement for the period:</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses or</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (income) per tax</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net taxes</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Remeasurement loss related to defined benefit liability</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,753</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 38,884</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Gain or loss on net investment hedge in foreign operations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 449,640</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,895)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 442,745</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>482,488</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(831)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>481,657</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>See Other Comprehensive Income</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount before</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> taxes</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses or</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (income) per tax</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net taxes</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Remeasurement loss related to defined benefit liability</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 626</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,966)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>222,277</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>See Other Comprehensive Income</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount before</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> taxes</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses or</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (income) per tax</b></font></div> </td> <td style="white-space:nowrap; 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BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> CREE</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 0%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9%</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Surcharge</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5%</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>39%</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Companies domiciled in other countries</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2018</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2019</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>As from 2020</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from Peru</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 28%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from Panama</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from El Salvador</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from Guatemala</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>11.3.2.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Amount of temporary differences in subsidiaries, branches, associates on which no charged deferred tax has been recognized</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Temporary differences</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Local Subsidiaries</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(1,043,724)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (234,975)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign Subsidiaries</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(4,533,672)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,547,623)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In accordance with IAS 12, no deferred tax was recognized due to the fact that management are able to control the future time when those differences are reverted, and that this is not expected to take place in the foreseeable future.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><b>11.3.3.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Temporary differences to December 31, 2017</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The net deferred tax assets and liabilities by company disclosed in the Statement of Financial:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Arrendadora Financiera S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 299</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>-&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; 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PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Fideicomiso &#8220;Lote Abelardo Castro&#8221;</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (188)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (171)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Fiduciaria Bancolombia S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,808</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,483</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>FiduPer&#250; S.A Sociedad Fiduciaria</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 165</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Inversiones CFNS S.A.S.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (700)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,042)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Renting Colombia S.A.S.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,466)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (19,753)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Transportempo S.A.S</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 509</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 285</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Valores Banagricola S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Valores Bancolombia S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,071</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,476</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Valores Simesa S.A.</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,421)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (13,439)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net Deferred Tax by Company</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>148,614</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,291,584)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,102,492)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><b>11.3.4.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Assets and Liabilities deferred tax without netting per company</b>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Deferred tax</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> summary in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance accounts</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>With effects on the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of income</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and Foreign</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> currency translation</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> adjustments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>With OCI</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> effects</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Eliminations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Reclassifications</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Deferred tax asset</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 757,874</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(167,907)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;15,021</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(3,122)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;999</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;602,865</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Deferred tax liability</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,860,366)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(7,014)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(14,190)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(15,939)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;3,060</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,894,449)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net deferred tax</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,102,492)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;(174,921)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(19,061)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;4,059</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,291,584)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The deferred tax disclosed in section 11.1 corresponds to deferred tax assets and liabilities without eliminations in the amount of COP 174,921, plus eliminations in the amount of COP 19,061, less the difference for foreign currency translation adjustments that is contained in the movement of balance sheet accounts of COP (805).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">With effects on the statement of income</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Realization</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax asset:</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Premises and equipment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,721</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,258</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,153</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee benefits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 152,070</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,252</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,706</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 161,524</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Municipal tax liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,385</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,385</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment evaluation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 252,181</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 285,854</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 238,583</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 204,910</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Offset of tax credits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,394</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 200</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 37,269</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,463</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial obligations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59,967</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,176</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,072</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 51,863</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investment valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,846</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,846</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 81</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 81</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreclosed Assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 118.894</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 119,177</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other deductions</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 71.792</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 37,179</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,613</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 51,226</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>729,250</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>491,327</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>321,297</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>559,220</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; WIDTH: 28%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Realization</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax liability:</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Premises and equipment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (230,202)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,875</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33,223</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (233,550)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Leasing re-expression</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (279,733)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 175,877</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (455,610)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment evaluation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (225,635)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 221,704</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,481</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,412)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity securities valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (153,886)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 73,171</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,495</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (121,210)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (124,737)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,011</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (56,726)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Goodwill</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (587,094)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,434</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,228</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (758,888)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreclosed Assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (25,160)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,733</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,082</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (47,509)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other deductions</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (138,235)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63,114</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,549</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (104,670)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax liability</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,764,682)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>483,042</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>502,935</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,784,575)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Impact on Other Comprehensive Income</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax asset</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investment hedge in foreign operations</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> -</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,895</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee benefits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; 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These estimates are based on financial projections that were prepared taking into account the information of Grupo Bancolombia's economic research about the economic environment expected over the next five years. The main indicators on which the models are based are GDP growth, portfolio growth and interest rates. In addition to these elements, the company's long-term strategy is also taken into consideration.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><b>11.3.5.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Future consequences of dividends from local subsidiaries</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">According to the historical behavior of dividends and current tax regulations, they would not be taxed in the event that the Parent Company receives dividends from its local subsidiaries.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>11.3.6.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Conciliation of the effective tax rate</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Accounting earnings</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,992,771</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,968,282</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,235,635</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax applicable to the nominal rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,597,108</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,587,313</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,261,898</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Non-deductible expenses for determining taxable profit (loss)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 356,350</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 255,435</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 290,291</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Accounting and not fiscal expenses (income) for determining taxable profit (loss)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (179,605)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (217,056)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (822,513)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Differences in tax bases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 341,828</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (348,985)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (149,502)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax and not accounting expenses (income) for determining taxable profit (loss)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (23,844)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 23,381</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income from ordinary activities not constituting income or occasional earnings from taxation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (130,272)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (111,027)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (66,459)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other fiscal deductions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (184,620)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (107,083)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (168.970)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Repayments on commercial credit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (233,004)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Surplus of tax depreciation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (177,936)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20,323)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,083)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign profits taxed at other rates</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (218,785)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 72,144</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,113</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,238,598</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,176,832</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 62%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interbank Deposits</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank liabilities</i></font></div> </td> <td style="TEXT-ALIGN: right; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Repurchase agreements and other similar secured borrowing</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Short selling operations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 607,536</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 880,705</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Temporary transfer of securities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,628,592</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 918,470</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Repurchase agreements</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; 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MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Total repo liabilities have maturities of less than 30 days.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 9pt; FONT: 10pt Times New Roman, Times, Serif" align="left"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Offsetting of Repurchase and Resale Agreements</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; 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However, the local law for certain jurisdictions outside of Colombia is unclear to determine the enforceability of offsetting rights.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank does not offset repurchase and resale transactions with the same counterparty on the consolidated statement of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The table below presents repurchases and resale transactions included in the consolidated statement of financial position at December 31, 2017 and 2016:</div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Amounts offset</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> position</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Net balance</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> presented in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial position</b></font></div> </td> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets /</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> liabilities</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> gross</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Amounts</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>offset in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> position</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Net balance</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> presented in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial position</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> instruments</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>as collaterals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets /</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> liabilities</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> net</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities purchased under resale agreements<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,643,707</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,643,707</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (2,643,707)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; 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BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total repurchase and resale agreements</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 719,697</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; 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WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><b><sup style="font-style:normal">(1)</sup></b></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The amount includes those presented as cash and cash equivalents and those presented as other assets.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -13.5pt; MARGIN: 0px 0px 0px 31.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For further information about offsetting of other financial assets and liabilities see Note 5 Financial assets investments and derivatives.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth information regarding the money market operations recognized as liabilities in the statement of financial position:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 72%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Interbank and repurchase agreements and other similar secured</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> borrowing</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interbank Deposits</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank liabilities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,084,591</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 341,856</font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below presents repurchases and resale transactions included in the consolidated statement of financial position at December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Net balance</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> presented in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial position</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> instruments</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>as collaterals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets /</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> liabilities</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> net</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities purchased under resale agreements<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 881,061</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 881,061</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (881,061)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities sold under repurchase agreements</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (3,236,128)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (3,236,128)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,236,128</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total repurchase and resale agreements</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (2,355,067)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (2,355,067)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,355,067</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The amount includes those presented as cash and cash equivalents and those presented as other assets.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets /</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> liabilities</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> gross</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Amounts</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>offset in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> position</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Net balance</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> presented in the</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> financial position</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> instruments</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>as collaterals</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets /</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> liabilities</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> net</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><b><sup style="font-style:normal">(1)</sup></b></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The amount includes those presented as cash and cash equivalents and those presented as other assets.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 2784732000000 2550798000000 30 <div style="MARGIN: 0pt 0px; 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The Bank will reclassify the liability to equity if the put expires unexercised. For further information see Note 8.3. Acquisition of Grupo Agromercantil Holding (GAH).<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>&#160;</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Obligations granted by domestic banks</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financiera de Desarrollo Territorial (Findeter)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11.30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.05%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,587,598</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Banco De Comercio Exterior De Colombia (Bancoldex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10.86%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.76%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,528,435</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Fondo Para El Financiamiento Del Sector Agropecuario (Finagro)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 14.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.05%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 728,558</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other private financial entities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8.89%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 0.07%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,019,111</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,863,702</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financiera de Desarrollo Territorial (Findeter)</i></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 642,775</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other private financial entities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11.86%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2.28%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 978,603</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,616,934</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The maturities of financial obligations with domestic banks as of December 31, 2017 and 2016, are the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 74%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Domestic</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>No more than twelve months after the reporting period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 575,338</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 382,369</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,863,702</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,616,934</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Obligations granted by foreign banks</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financing with correspondent banks</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.66%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.48%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7,341,713</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporaci&#243;n Andina de Fomento (CAF)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.84%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.85%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 311,730</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Latinoamericano de Comercio Exterior (Bladex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 269,946</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Interamericano de Desarrollo (BID)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 35,061</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,958,450</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financing with correspondent banks</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 9.71%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 0.88%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,129,817</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporaci&#243;n Andina de Fomento (CAF)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.04%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.67%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 745,086</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Latinoamericano de Comercio Exterior (Bladex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.83%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.24%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 278,392</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Interamericano de Desarrollo (BID)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.54%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 135,614</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,288,909</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The maturities of the financial obligations with foreign entities as of December 31, 2017 and 2016 are the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Foreign</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount expected to be settled:</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>No more than twelve months after the reporting period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,037,043</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 9,559,568</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> More than twelve months after the reporting period</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 921,407</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,729,341</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,958,450</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,288,909</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, the composition of the borrowings from other financial institutions measured at amortized cost is the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Borrowings from other financial institutions</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Obligations granted by domestic banks</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,863,702</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,616,934</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Obligations granted by foreign banks <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,958,450</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 13,288,909</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,822,152</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,905,843</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The Bank has recognized a financial liability with BAM Financial Corporation (BFC) amounting to USD 243.2 million as of December 31, 2017 and USD 251.5 million as of December 31, 2016, due to its obligation to pay cash in future to purchase the non-controlling shares of Grupo Agromercantil Holding. The Bank will reclassify the liability to equity if the put expires unexercised. For further information see Note 8.3. Acquisition of Grupo Agromercantil Holding (GAH).</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Obligations granted by domestic banks</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financiera de Desarrollo Territorial (Findeter)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11.30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.05%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,587,598</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Banco De Comercio Exterior De Colombia (Bancoldex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10.86%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.76%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,528,435</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Fondo Para El Financiamiento Del Sector Agropecuario (Finagro)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 14.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.05%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 728,558</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other private financial entities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8.89%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 0.07%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,019,111</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,863,702</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financiera de Desarrollo Territorial (Findeter)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12.77%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.29%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,404,521</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Banco De Comercio Exterior De Colombia (Bancoldex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12.48%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 0.06%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,591,035</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Fondo Para El Financiamiento Del Sector Agropecuario (Finagro)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12.38%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1.39%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 642,775</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other private financial entities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11.86%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2.28%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 978,603</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,616,934</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The maturities of financial obligations with domestic banks as of December 31, 2017 and 2016, are the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 74%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Domestic</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount expected to be settled:</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>More than twelve months after the reporting period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,288,364</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,234,565</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>No more than twelve months after the reporting period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 575,338</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 382,369</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,863,702</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,616,934</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Obligations granted by foreign banks</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financing with correspondent banks</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.66%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.48%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7,341,713</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporaci&#243;n Andina de Fomento (CAF)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.84%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.85%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 311,730</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Latinoamericano de Comercio Exterior (Bladex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 269,946</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Interamericano de Desarrollo (BID)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 35,061</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,958,450</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 55%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial entity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Rate Minimum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financing with correspondent banks</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 9.71%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 0.88%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,129,817</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporaci&#243;n Andina de Fomento (CAF)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.04%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.67%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 745,086</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Latinoamericano de Comercio Exterior (Bladex)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.83%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.24%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 278,392</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Interamericano de Desarrollo (BID)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.54%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 135,614</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,288,909</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The maturities of the financial obligations with foreign entities as of December 31, 2017 and 2016 are the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Foreign</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount expected to be settled:</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>No more than twelve months after the reporting period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,037,043</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 9,559,568</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> More than twelve months after the reporting period</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 921,407</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,729,341</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,958,450</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,288,909</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18413000000 18413000000 0 0 0 0 157318000000 157318000000 19072000000 2486000000 109469000000 101000000 8028000000 1103000000 4691000000 12368000000 157318000000 90109000000 611000000 4908000000 7348000000 102976000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; FONT: 16pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0; MARGIN-RIGHT: 0px" align="justify"><b>NOTE 17. DEBT SECURITIES IN ISSUE</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Duly authorized by the authority in each country bonds have been issued as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Issuer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Currency</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Face value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Rate Range</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Local</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> COP</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,162,515</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt"> <div>5,247,501</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.59%-IPC</font><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i><sup style="font-style:normal">(1)&#160;&#160;</sup></i> <font style="COLOR: black">+7%</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.90%-6.31%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Agr&#237;cola S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 260,310</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 784,567</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.90%-2.90%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Grupo Agromercantil Holding S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 302,264</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 519,300</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,551,211</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.65%-3.65%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,648,714</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Consumer price index.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Issuer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Currency</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Face value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Rate Range</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Local</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> COP</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,458,619</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,562,900</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.49%-IPC<sup style="font-style:normal">(1)</sup> + 6.9%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,246,970</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 9,814,915</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.54%-7.84%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Agr&#237;cola S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 530,000</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,581,348</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.25%-6.75%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia Panam&#225; S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 272,282</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 826,069</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.30%-2.65%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Grupo Agromercantil Holding S.A.</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 302,272</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 919,577</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 0.25%-7.25%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,704,809</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Consumer price index.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The breakdown of the Bank securities in issue by maturity is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Issuer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Less than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>a year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1 to 3 years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3 to 5 years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>more than 5</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total amortized</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> cost</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 802</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,672,712</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,673,514</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Foreign currency</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Subordinated bonds <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,156,094</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,156,094</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 758,879</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> <strong>209,320</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> <strong>18,145,495</strong></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 4.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,648,714</b></font>&#160;</div> </td> </tr> </table> &#160;&#160;&#160; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1 to 3 years</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3 to 5 years</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>more than 5</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">495,614</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,875,068</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,370,682</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Ordinary bonds</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">390,016</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,802,189</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,192,218</font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,727,485</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Ordinary bonds</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">826,069</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">970,751</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,617,604</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,414,424</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 260,310</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 784,567</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.90%-2.90%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Grupo Agromercantil Holding S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 302,264</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 910,270</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 0.25%-7.25%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banismo S.A. y filiales</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 519,300</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,551,211</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.65%-3.65%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,648,714</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Consumer price index.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Issuer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Currency</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Face value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Rate Range</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Local</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> COP</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,458,619</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,562,900</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.49%-IPC<sup style="font-style:normal">(1)</sup> + 6.9%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,246,970</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 9,814,915</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.54%-7.84%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Banco Agr&#237;cola S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 530,000</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,581,348</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.25%-6.75%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancolombia Panam&#225; S.A.</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 272,282</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 826,069</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.30%-2.65%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Grupo Agromercantil Holding S.A.</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> Foreign</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> USD</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 302,272</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 919,577</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 0.25%-7.25%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,704,809</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,156,094</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,156,094</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Ordinary bonds</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">535,020</font></div> </td> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Subordinated bonds <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">495,614</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,875,068</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,370,682</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Ordinary bonds</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">390,016</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,802,189</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,192,218</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Foreign currency</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Subordinated bonds <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,816</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">912,760</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,807,909</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,727,485</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Ordinary bonds</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">826,069</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">970,751</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,617,604</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,414,424</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 832,885</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,769,141</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,102,770</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 4.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,704,809</b></font>&#160;</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The subordinated bonds, in the event of default of the Bank, will be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities.</i></div> </td> </tr> </table> <div style="CLEAR:both; 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BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>No more than twelve months after the reporting period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>2,352,801</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,018,995</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Actuarial (gain)/loss - experience</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 68</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 446</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Actuarial (gain)/loss - financial assumptions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 61</font></div> </td> <td style="TEXT-ALIGN: right; 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This benefit accumulates and is paid to the employees upon their termination or retirement from the Bank, calculated based on the employees&#8217; last salary base; however, employees may request advances against this benefit at any time. In 1990, the Colombian government revised its labor regulations for new employees to permit companies, subject to the approval of the employees, to transfer this severance obligation annually to private pension funds (this scheme of employee benefits is known as the current severance obligation). 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Under this plan, the employees are entitled to receive a lifetime payment of 50% of their monthly nominal wage, if they are 70 years old and have 30 years of service, or if they are 65 years old and have 40 years of service. On the other hand, the employees are entitled to receive a lifetime payment of 70% of their monthly nominal wage, if they are 70 years old and have 40 years of service, or they are 65 years old and have 45 years of service.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The annual change of the present value of the obligations of defined benefit plans is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 70%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Retirement Pension Premium Plan and Senior Management Pension Plan Premium</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of the obligation as of January 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 105,158</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 95,331</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Current service cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,294</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10,597</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,881</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,211</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; 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The plan assets are managed by a trustee (third party). Likewise, the assets allocation is periodically reviewed by Banistmo and, when necessary, adjusted according to the investment strategy. The plan's investment assets are measured at fair value using significant, unobservable market data and, therefore, are classified as Level&#160;3.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The expected return on assets assumption represents the long term rate of return based on analysis of historical returns, historical asset class volatilities and the fund&#8217;s past experience.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The components of the periodic net cost of the plans previously mentioned and the total of charges (credits) recognized in the consolidated statement of income are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banistmo asset plan</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee pension plan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,765</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;5,565</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,765</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,565</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; 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MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Bancolombia Panama</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Main projected assumptions</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2018</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,604</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 58,550</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2019</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,672</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,384</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2020</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,698</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,847</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2021</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,649</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 65,396</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2022</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,507</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,098</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>2023 to 2027</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 58,148</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 357,577</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 7.1pt; MARGIN: 0px 0px 0px 99.25pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Sensitivity analysis</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Defined Benefit Obligations (DBO) was calculated using the Projected Unit Credit method. Obligations and expenses will change in the future as a result of future changes in the methods of projection and assumption, participant information, plan provisions and regulations, or as resulting from future gains and losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -10.9pt; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" align="left"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Pension plan Bancolombia</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 9pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,542)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4,864</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,280</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,964)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortality Table</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">RV-08 ("Valid Rentiers&#8221;")</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">One year increase in life expectancy</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,085</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Retirement Pension Premium Plan</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,854)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,348</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,390</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,935)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Severance obligation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (980)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,023</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,228</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,156)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Senior Management Pension Plan Premium</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (987)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,040</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,331</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,246)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Pension Plan Banistmo</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (269)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 357</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortality Table</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> RP-2000</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">One year increase in life expectancy</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 207</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Other long term benefits</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Colombia</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,179)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11,938</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11,961</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,303)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>El Salvador</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>&#160;Assumption</b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (661)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 720</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 121</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2.00%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (157)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Guatemala</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8.70%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,775)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.70%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,011</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,398</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,267)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortality Table</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">RP-2000 (M&#38;F)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">One year increase in life expectancy</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 593</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table shows liabilities relating to post-employment benefit plans:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 74%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Post-employment and long-term benefit plans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Defined benefit pension plan</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 131,589</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 129,931</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Severance obligation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 38,041</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 51,289</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Retirement Pension Premium Plan and Senior Management Pension Plan Premium</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 119,526</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 105,158</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other long term benefits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 408,245</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 364,424</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Post-employment and long-term benefit plans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 697,401</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 650,802</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> FY --12-31 Yes No Yes CIB 509704584 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Short-term employment benefit plans recognized in the statement of financial position in the line &#8220;other liabilities&#8221; consist of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 72%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;<font style="FONT-SIZE: 10pt"><b>Other employment benefit plans</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Diecember 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> Current severance obligation<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 106,334</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 104,352</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">Other bonuses and short-term benefits</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 336,285</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 336,018</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Other employment benefit plans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 442,619</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 440,370</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>See severance obligation</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The components of the periodic net cost of the plans previously mentioned and the total of charges (credits) recognized in the consolidated statement of income are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banistmo asset plan</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee pension plan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,765</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;5,565</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,765</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,565</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table details the change in plan assets:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value of assets as of January 1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,565</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,087</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on plan assets</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 123</font></div> </td> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (825)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (584)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation effect</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (40)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (277)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value assets as of December 31</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,765</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,565</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The expense recognized in the line &#8220;Salaries and employee benefits&#8221; of the consolidated statement of income for defined contribution plans, for current severance regimen and pension benefits, is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="2"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Defined contribution plans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Pension</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 171,713</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 159,525</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Current severance regimen</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 79,246</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 74,816</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 250,959</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 234,341</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The economic assumptions used in the determination of the present value of the defined benefit plans, in nominal terms, are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Colombia</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; 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BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Main projected assumptions</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate&#160;</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.10%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Expected long-term rate of return on plan assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.00%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Rate of wage increase</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>El Salvador</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Main projected assumptions</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate&#160;</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.60%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.10%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Rate of wage increase</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Projected inflation</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1.50%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.00%</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Guatemala</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Main projected assumptions</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate&#160;</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8.20%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8.20%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Rate of wage increase</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.03%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Projected inflation</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.00%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.00%</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The payments of benefits, which reflect future service rendered, are considered to be paid as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 29%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Pension Benefits</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other benefits</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2018</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,604</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 58,550</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2019</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,672</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,384</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2020</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,698</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,847</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2021</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,649</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 65,396</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2022</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,507</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,098</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>2023 to 2027</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 0.5in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 58,148</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 357,577</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Pension plan Bancolombia <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 9pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,542)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4,864</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,280</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.90%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,964)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortality Table</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">RV-08 ("Valid Rentiers&#8221;")</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">One year increase in life expectancy</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,085</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Pension Plan Banistmo <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (269)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 357</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortality Table</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> RP-2000</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">One year increase in life expectancy</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 207</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 64%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Unfunded defined benefit pension plan of the Parent Company</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of the obligation as of January 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 123,282</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 120,543</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,117</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,998</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Benefits paid</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,553)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,114)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net actuarial (gain) / loss due to changes in demographic assumptions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,216</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 514</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net actuarial (gain) / loss due to plan experience</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,418</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,341</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Defined obligation, unfunded as of December 31</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 125,480</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 123,282</b></font></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 64%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Funded defined benefit pension plan of Banistmo</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Present value of the obligation as of January 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,649</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,688</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">198</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">230</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Actuarial (gain)/loss - experience</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">68</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">446</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Actuarial (gain)/loss - financial assumptions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">61</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">190</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Benefits paid from plan assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (825)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (584)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign currency translation effect</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(42)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (321)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Defined obligation, unfunded as of December 31</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,109</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,649</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The balances recognized in the statement of financial position are listed below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 70%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Defined benefit severance obligation plan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of the obligation as of January 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 51,289</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,209</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Current cost of service</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,562</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,144</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,419</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,020</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Benefits paid</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,298)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (10,233)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net actuarial (gain) / loss due to assumption changes and plan experience</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (7,931)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,149</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Defined obligation, unfunded as of December 31</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 38,041</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 51,289</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Current severance regimen</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 106,334</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 104,352</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 144,375</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 155,641</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Severance obligation <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (980)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,023</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,228</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,156)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The annual change of the present value of the obligations of defined benefit plans is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 70%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Retirement Pension Premium Plan and Senior Management Pension Plan Premium</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of the obligation as of January 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 105,158</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 95,331</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Current service cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,294</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10,597</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,881</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,211</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Benefits paid</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,224)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (14,933)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><i>First time application effect of IAS 19 to new defined benefit obligation</i></div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><i>of Transportempo at December 31, 2017<sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 237</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net actuarial (gain) / loss due to assumption changes and plan experience</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,195</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,093</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation effect</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (15)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (141)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Defined obligation, unfunded as of December 31</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 119,526</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 105,158</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Pursuant to a private agreement reached between Transportempo and its employees, the Bank&#8217;s subsidiary has decided to recognize a new employee benefit plan based on the employees&#8217; seniority and their current salary at the moment when the service is vested.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In addition to legal benefits and the aforementioned post-employment benefits, the Bank grants to its employees other benefits based on the employees&#8217; seniority. For the periods ended December 31, 2017 and December 31, 2016, the reconciliation of the other long term benefits is set below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 70%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other long term benefits</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 10.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of the obligation as of January 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 364,424</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;271,651</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Current service cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 37,433</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div>29,190</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest cost</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 26,329</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div>18,940</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Benefits paid</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (38,671)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div>(39,092)</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Unfunded benefit obligation assumed for GAH at December 31, 2017 <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 340</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div>-</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><i>First time application effect of IAS 19 to new defined benefit obligation</i></div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><i>of Renting at December 31, 2017<sup style="font-style:normal">( 2)</sup></i></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 614</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div>-</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net actuarial (gain) / loss due to assumption changes and plan experience</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 16,893</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 84,247<i><sup style="font-style:normal">(3)</sup></i></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign currency translation effect</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 883</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-RIGHT: black 1pt solid"> <div>(512)</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Defined obligation, unfunded as of December 31</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 408,245</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 10.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 364,424</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 372.5pt; MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Former employees have been incorporated again in the Company&#8217;s payroll due to the private agreement reached between Comamesa (a Guatemalan subsidiary of GAH) and Serviva (security supplier).</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Pursuant to a private agreement reached between Renting and its employees, the Bank&#8217;s subsidiary has decided to recognize a new employee benefit plan based on the employees&#8217; seniority and their current salary at the moment when the service is vested.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>As a result of the acquisition of control of Grupo Agromercantil Holding in 2015, the Bank assumed the obligations related to the termination indemnity plan of Banco Agromercantil de Guatemala, Consejer&#237;a, Mantenimiento y Mensajer&#237;a, Seguros Agromercantil (subsidiaries of Grupo Agromercantil Holding).</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Senior Management Pension Plan Premium <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (987)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,040</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,331</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,246)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Retirement Pension Premium Plan <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,854)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,348</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,390</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (4,935)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Colombia <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,179)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11,938</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6.40%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11,961</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5.40%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (11,303)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> El Salvador <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>&#160;Assumption</b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (661)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 720</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 121</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salary increases</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2.00%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (157)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Guatemala <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assumption</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 38%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> (Increase/Decrease)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Effect on DBO</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8.70%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,775)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Discount rate</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 7.70%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,011</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% increase</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,398</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Salary increases</i></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4.50%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">0.50% decrease</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,267)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortality Table</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">RP-2000 (M&#38;F)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif">One year increase in life expectancy</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 593</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 123282000000 120543000000 125480000000 6649000000 6688000000 6109000000 51289000000 52209000000 38041000000 105158000000 95331000000 119526000000 237000000 0 12604000000 12672000000 12698000000 12649000000 12507000000 58148000000 58550000000 55384000000 55847000000 65396000000 72098000000 357577000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>NOTE 19. OTHER LIABILITIES</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Other liabilities consist of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Payables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,838,806</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,281,907</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Suppliers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,254,484</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,289,495</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Advances <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 393,007</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 442,567</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Collection services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 377,288</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 316,016</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Security contributions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 356,498</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 329,098</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee benefits and bonuses <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 319,073</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 277,635</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salaries and other labor obligations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 266,944</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 322,010</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deferred interests</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 203,681</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 149,360</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Advances in leasing operations and loans</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 171,421</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 133,603</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions <sup style="font-style:normal"> (3)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 84,294</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 107,813</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends <sup style="font-style:normal">(4)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 16,182</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 228,004</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other <sup style="font-style:normal">(5)</sup></i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 514,804</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 410,647</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,796,482</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,288,155</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -9pt; MARGIN: 0px 0px 0px 27pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">1.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For the year 2017 and 2016 advances includes the amount received by the Bank in balances related to insurance operations amounting to COP 54,967 and COP 47,549, respectively, balances held by court order amounting to COP 50,152 and COP 52,205, respectively, gain on derivatives first day valuation amounting to COP 39,706 and COP 51,271, respectively and excess cash amounting to COP 9,012 and COP 12,584, respectively. Additionally, the line includes balances of credit cards charges pending to be applied amounting to COP 10,116 and COP 12,580</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">2.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For further information related to other employee benefit plans, see Note 18 "Employees benefit plans".</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">3.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>See Note 20 "Provisions and contingents liabilities".</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">4.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The decrease is due to the fact that the payment of dividends approved at the ordinary annual shareholders' meeting for the year 2016 was fulfilled before December 31,2017 and for year 2016 , corresponds to the last payment of dividends approved at the ordinary annual shareholders' meeting held in 2015.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">5.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes an income tax provision amounting to COP 353,338 related with a potential exposure for the fiscal year 2014, out of which there were unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 16182000000 228004000000 54967000000 47549000000 50152000000 52205000000 39706000000 51271000000 9012000000 12584000000 10116000000 12580000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Other liabilities consist of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Payables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,838,806</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,281,907</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Suppliers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,254,484</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,289,495</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Advances <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 393,007</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 442,567</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Collection services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 377,288</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 316,016</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Security contributions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 356,498</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 329,098</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee benefits and bonuses <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 319,073</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 277,635</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Salaries and other labor obligations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 266,944</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 322,010</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deferred interests</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 203,681</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 149,360</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Advances in leasing operations and loans</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 171,421</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 133,603</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions <sup style="font-style:normal"> (3)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 84,294</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 107,813</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends <sup style="font-style:normal">(4)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 16,182</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 228,004</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other <sup style="font-style:normal">(5)</sup></i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 514,804</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 410,647</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,796,482</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,288,155</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -9pt; MARGIN: 0px 0px 0px 27pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">1.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For the year 2017 and 2016 advances includes the amount received by the Bank in balances related to insurance operations amounting to COP 54,967 and COP 47,549, respectively, balances held by court order amounting to COP 50,152 and COP 52,205, respectively, gain on derivatives first day valuation amounting to COP 39,706 and COP 51,271, respectively and excess cash amounting to COP 9,012 and COP 12,584, respectively. Additionally, the line includes balances of credit cards charges pending to be applied amounting to COP 10,116 and COP 12,580</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">2.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For further information related to other employee benefit plans, see Note 18 "Employees benefit plans".</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">3.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>See Note 20 "Provisions and contingents liabilities".</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">4.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The decrease is due to the fact that the payment of dividends approved at the ordinary annual shareholders' meeting for the year 2016 was fulfilled before December 31,2017 and for year 2016 , corresponds to the last payment of dividends approved at the ordinary annual shareholders' meeting held in 2015.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">5.</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes an income tax provision amounting to COP 353,338 related with a potential exposure for the fiscal year 2014, out of which there were unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 353338000000 201554000000 377288000000 316016000000 171421000000 133603000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following tables show the detail of the provisions:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Judicial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Administrative</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> guarantees</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Initial balance at January 1, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,135</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,312</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 77,366</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 107,813</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Additions recognized in the year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 23,396</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 302</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 55,539</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 79,237</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions used during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (10,623)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (10,623)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions reversed during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (11,504)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (80,615)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (92,119)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (90)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (90)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Effect of discounted cash flows</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 98</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (22)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 76</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Final balance at December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 30,412</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,592</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,290</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 84,294</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Judicial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Administrative</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> guarantees</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Initial balance at January 1, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,147</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 336</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,720</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 72,203</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Additions recognized in the year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 17,000</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,032</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 71,564</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 89,596</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions used during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,444)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (56)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,500)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions reversed during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,512)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (46,918)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (50,430)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (243)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (243)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Effect of discounted cash flows</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 187</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 187</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Final balance at December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,135</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,312</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 77,366</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 107,813</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The amount guaranteed should be reimbursed to the beneficiary of the guarantee in case of breach of agreed covenants by the customer guaranteed or upon its financial insolvency.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 61%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Maturity</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 39%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Financial Guarantees</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees under 1 month</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">960,268</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 1&#160;month and up to 3&#160;months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,230,687</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 3&#160;months and up to 1&#160;year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,946,250</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 1&#160;year and up to 3&#160;years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,224,061</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 3&#160;year and up to 5&#160;years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">149,238</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 5&#160;years</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">191,139</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,701,643</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 61%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Maturity</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 39%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Financial Guarantees</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees under 1 month</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">635,033</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 1&#160;month and up to 3&#160;months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">959,385</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 3&#160;months and up to 1&#160;year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,007,832</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 1&#160;year and up to 3&#160;years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,228,289</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 3&#160;year and up to 5&#160;years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">367,298</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantees greater than 5&#160;years</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">146,167</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,344,004</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: -21.3pt; MARGIN: 0px 0px 0px 21.3pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The subscribed and paid-in capital is the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; 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BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;480,914</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 500 500 500 500 The declaration, amount and payment of dividends are based on Bancolombia S.A&#8217;s unconsolidated net income. Dividends must be approved at the ordinary annual shareholders&#8217; meeting upon the recommendation of the Board of Directors. Under the Colombian Commercial Code, after payment of income taxes and appropriation of legal and other reserves, and after setting off losses from prior fiscal years, Bancolombia must distribute to its stockholders at least 50.00% of its annual net income or 70.00% of its annual net income if the total amount of reserves exceeds its outstanding capital, unless such minimum percentages are waived by an affirmative vote of the holders of 78.00% of the shares present at the stockholders&#8217; meeting. Such dividend distribution must be made to all stockholders, in cash or in issued stock of Bancolombia, as may be determined by the stockholders, and within a year from the date of the ordinary annual stockholders&#8217; meeting in which the dividend was declared. The payment of dividends must be made in cash during the next year since the date when the Annual Meeting takes place and for all the stockholder's. If the payment is made in the Bank's own equity securities instead of cash, that situation has to be approved by the 80.00% of the subscribed common shareholders and the 80.00% of the subscribed preferred shares. The annual net profits of Bancolombia must be applied as follows: (i) first, an amount equal to 10.00% of Bancolombia&#8217;s net profits to a legal reserve until such reserve is equal to at least 50.00% of the Bank&#8217;s paid-in capital; (ii) second, to the payment of the minimum dividend on the preferred shares; and (iii) third, as may be determined in the ordinary annual stockholders&#8217; meeting by the vote of the holders of a majority of the shares entitled to vote. Holders of preferred shares are entitled to receive dividends based on the profits of the preceding fiscal year, after deducting losses affecting the capital and once the amount that shall be legally set apart for the legal reserve has been deducted, but before creating or accruing for any other reserve, of a minimum preferred dividend equal to one per cent (1.00%) yearly of the subscription price of the preferred share, provided this dividend is higher than the dividend assigned to common shares, if this is not the case, the dividend shall be increased to an amount that is equal to the per share dividend on the common shares. The dividend received by holders of common shares may not be higher than the dividend assigned to preferred shares. Payment of the preferred dividend shall be made at the time and in the manner established in the general shareholders&#8217; meeting and with the priority indicated by Colombian law. Any stock dividend payable in common shares requires the approval of 80.00% or more of the shares present at a shareholders&#8217; meeting, which will include 80.00% or more of the outstanding preferred shares. In the event that none of the holders of preferred shares is present at such meeting, a stock dividend may only be paid to the holders of common shares that approve such a payment. 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font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 3,236,128</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Borrowings from other financial institutions <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 18,905,843</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (5,883,247)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (177,290)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 1,075,716</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (98,870)</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <sup style="font-style:normal">(2)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 13,822,152</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt securities in issue <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 18,704,809</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (40,069)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (73,652)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 1,056,024</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 1,602</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 19,648,714</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Preferred shares <sup style="font-style:normal"> (3)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 581,972</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (57,701)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 58,714</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 582,985</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total liabilities from financing activities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40,116,634</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,667,575)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(252,266)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,131,740</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(38,554)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>37,289,979</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-stretch: normal; font-size-adjust: none" align="justify">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The cash flows disclosed in this table related with Borrowings from other financial institutions and debt securities in issue include the interests paid during the year amounting to COP 1,031,078 and COP 1,084,096, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The amount of COP (98,870) is mainly comprised by the reclassification of liabilities relating to assets held for sale.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The cash flow amounting to COP 57,701 corresponds to the minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents the conciliation of the balances of liabilities from financing activities as of December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-stretch: normal; font-size-adjust: none" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance as</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>of January</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash flows</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid" colspan="4"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Non-cash changes</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Balance as of</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Foreign</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>currency</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>translation</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>adjustment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interests</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>accrued</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="2"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Other movements</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 37%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities from financing activities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 10%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 3%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Repurchase agreements and other similar secured borrowing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 1,924,010</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 1,313,442</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (1,324)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 3,236,128</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Borrowings from other financial institutions <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 18,905,843</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (5,883,247)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (177,290)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 1,075,716</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (98,870)</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <sup style="font-style:normal">(2)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 13,822,152</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt securities in issue <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> 18,704,809</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (40,069)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (73,652)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; 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TEXT-ALIGN: right; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>37,289,979</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-stretch: normal; font-size-adjust: none" align="justify">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The cash flows disclosed in this table related with Borrowings from other financial institutions and debt securities in issue include the interests paid during the year amounting to COP 1,031,078 and COP 1,084,096, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The amount of COP (98,870) is mainly comprised by the reclassification of liabilities relating to assets held for sale.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The cash flow amounting to COP 57,701 corresponds to the minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 40116634000000 1924010000000 18905843000000 18704809000000 581972000000 37289979000000 3236128000000 13822152000000 19648714000000 582985000000 -4667575000000 1313442000000 -5883247000000 -40069000000 -57701000000 -252266000000 -1324000000 -177290000000 -73652000000 0 2131740000000 0 1075716000000 1056024000000 0 -38554000000 0 -98870000000 1602000000 58714000000 -98870 1031078 1084096 57701 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents the carrying amount and the fair value of the assets and liabilities as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,701,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,701,855</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,537,562</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,537,562</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities at amortized cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,157,568</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,131,688</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,134,919</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,115,477</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity securities at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,517,830</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,517,830</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,388,172</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,388,172</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,134,372</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,134,372</font></div> </td> <td style="TEXT-ALIGN: right; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 149,162,071</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 145,125,575</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">141,595,210</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Investment property</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,657,409</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,657,409</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,581,689</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,581,689</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Invesments in associates and joint ventures</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">757,886</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">757,886</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,595</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,595</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity securities - Assets held for sale</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;2,486</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,486</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 172,174,397</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 169,065,597</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 161,834,482</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 158,284,675</font></strong></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Deposits by customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 131,959,215</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 132,779,730</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 124,624,011</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 125,096,410</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interbank deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,084,591</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,084,591</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;341,856</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;341,856</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Repurchase agreements and other similar secured borrowing</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,236,128</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,236,128</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,924,010</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,924,010</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">945,853</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">945,853</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,312,450</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,312,450</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,822,152</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,822,152</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;18,905,843</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;18,905,843</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Preferred shares</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">582,985</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">662,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;581,972</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;565,676</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities in issue</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,648,714</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,756,154</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;18,704,809</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;19,071,085</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 171,279,638</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 173,287,607</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 166,394,951</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 167,217,330</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents for each of the fair-value hierarchy levels the Bank&#8217;s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 6.25pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Financial Assets</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of instrument</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment securities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,013,860</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">989,287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,003,147</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,400,952</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">503,200</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,904,152</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued or secured by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,186</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">26,852</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 36,038</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,163</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,741</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,904</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">177,531</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">578,196</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">297,049</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,052,776</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">146,025</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">529,244</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">405,099</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,080,368</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,196,963</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,275,031</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,471,994</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,044,629</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,384,563</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,429,192</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">33,800</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100,982</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,118</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 137,900</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,614</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">77,403</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,929</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 111,946</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,431,340</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,970,348</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 300,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 10,701,855</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,614,383</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,503,151</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 420,028</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,537,562</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">145,250</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">28,976</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,343,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,517,830</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">189,363</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,131</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,178,678</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,388,172</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,250</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 28,976</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,343,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,517,830</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 189,363</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,131</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,178,678</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,388,172</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivative financial instruments</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">78,189</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">94,121</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 172,310</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">187,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">125,884</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 313,566</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">357</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,816</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">609</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,425</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 78,546</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 94,136</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 172,682</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 190,498</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 126,493</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 316,991</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">482,330</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">190,228</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 672,558</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">856,742</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">270,732</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,127,474</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,171</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">220,027</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,939</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 274,137</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,497</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">158,342</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,369</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 186,208</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,171</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 702,357</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 236,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 946,695</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,497</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,015,084</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 294,101</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,313,682</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">746</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,249</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,995</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,633</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">41,664</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 47,297</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 746</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,249</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,995</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,633</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">41,664</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 47,297</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total derivative financial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,171</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 781,649</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 344,552</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,134,372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,497</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,211,215</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 462,258</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,677,970</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment properties</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,413,285</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"></font> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,413,285</b></font></b></font></div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,355,717</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,355,717</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Lands</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"></font> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 244,124</font></font></div> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 244,124</font></strong></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">225,972</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,972</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total investment properties</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,657,409</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,657,409</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,581,689</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,581,689</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment in associates</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>PA Viva Malls</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">757,886</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 757,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,595</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 388,595</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total investment in associates and joint ventures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 757,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 757,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 388,595</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 388,595</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Equity securities - Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets held for sale</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,486</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,486</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Equity securities - Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,486</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,486</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,584,761</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,780,973</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,406,104</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,771,838</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,808,243</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,734,497</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,031,248</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,573,988</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank measured certain foreclosed assets held for sale based on fair value less costs to sell. The fair values were determined using external and internal valuation techniques or third party experts, depending on the type of underlying asset. The following breakdown sets forth the fair value hierarchy of those assets classified by type:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair-value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair-value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Machinery and equipment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,500</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,500</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,466</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real estate for residential purposes</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,854</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,854</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,671</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,671</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real estate different from residential properties</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,402</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,402</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">102,913</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 102,913</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collateralized loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,417,875</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,417,875</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,543,513</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,543,513</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,454,631</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,454,631</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,676,563</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,676,563</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below presents reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>January 1,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Included in</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> earnings</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> OCI</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Purchases /</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> reclassifications</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Settlement</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Prepaids</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers in to</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers out of</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="10"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities at fair value</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued or secured by other financial entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 405,099</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (70,416)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 52,316</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (58,999)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (30,951)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 297,049</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,929</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,211)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,869)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (72)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,658)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,118</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>420,028</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,627)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>58,315</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(69,868)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(72)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(33,609)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>300,167</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 378,385</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 353</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 231,260</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (378,053)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 103</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (36)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 232,012</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,596</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34,067</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (17,596)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,762)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,305</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 337</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (500)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (337)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (500)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>396,318</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>353</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>264,827</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(395,986)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,659)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(36)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>263,817</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,178,678</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 107,848</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26,736</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 116,743</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (41,948)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,950</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (51,403)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,343,604</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,178,678</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>107,848</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>26,736</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>116,743</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(41,948)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,950</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(51,403)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,343,604</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investment in associates</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>PA Viva Malls</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388,595</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 108,868</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 262,918</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,495)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 757,886</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>388,595</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>108,868</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>262,918</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,495)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>757,886</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities -&#160;&#160;Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Assets held for sale</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,345</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,141</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,486</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,345</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,141</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,486</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>January 1,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Included in</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> earnings</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> OCI</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Purchases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Settlement</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Prepaids</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers in to</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers out of</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="10"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities at fair value</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued or secured by other financial entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 629,994</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,739)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 77,263</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (239,769)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,350</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 405,099</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,065</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,160</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,954)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,596</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,929</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;640,059</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(55,579)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;77,325</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(246,723)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;4,946</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;420,028</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;726,609</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(22,727)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;125,632</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(495,525)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;21,267</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;23,129</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;378,385</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;9,319</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(3,170)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;5,014</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(1,858)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;6,004</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;2,287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;17,596</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;337</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;337</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;735,928</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(25,897)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;130,983</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(497,383)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;27,271</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;25,416</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;396,318</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;978,751</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(75,573)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;46,035</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;282,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(53,139)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;1,178,678</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;978,751</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(75,573)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;46,035</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;282,604</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(53,139)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;1,178,678</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investment in associates</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>PA Viva Malls</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388,595</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388,595</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, 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TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">320</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">53</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest and valuation on investment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,246</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">698</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total interest and valuation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 409,799</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;&#160;404,133</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest expense</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(106,110)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(74,919)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net margin on financial instruments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 303,689</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 329,214</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit impairment charges on loans, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(323,290)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(324,309)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net interest and valuation income after provision for loans and financial leases</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (19,601)</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,905</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Fees and other service income, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">244,193</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">235,806</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,365</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">267</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total income, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,957</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;&#160;240,978</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Total operating expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(221,310)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(219,532)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profit before tax</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,647</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,446</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Income tax</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(2,961)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,067</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income from discontinued operations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,686</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,513</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Assets classified as held for sale</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>At December 31, 2015 Compa&#241;&#237;a de financiamiento Tuya was composed of assets and liabilities as presented below:&#160;</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 73%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; WIDTH: 27%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2015</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Cash and balances at central bank</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 207,963</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Financial assets investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;31,265</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,831,773</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Allowance for loan and lease losses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (351,375)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Intangible assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,267</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Premises and equipment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,746</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Prepayments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 724</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Tax receivables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;11,152</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Deferred tax</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;32,726</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other assets</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;48,738</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,820,979</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Deposit from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,266,305</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Cash flows provided by operating activities:</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net Income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,508</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Total net income adjustments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">308,945</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net changes of assets and liabilities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(243,153)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash provided by (used in)&#160;&#160;investing activities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,259</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Cash flows used in financing activities:</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash used in financing activities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(42,823)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net increased in cash</b></font></div> </td> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Year ended</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millons of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest income on loans</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">408,233</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">403,382</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Overnight and market funds</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">320</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">53</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest and valuation on investment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,246</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">698</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total interest and valuation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 409,799</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;&#160;404,133</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest expense</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(106,110)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(74,919)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net margin on financial instruments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 303,689</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 329,214</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit impairment charges on loans, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(323,290)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(324,309)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net interest and valuation income after provision for loans and financial leases</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (19,601)</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,905</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Fees and other service income, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">244,193</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">235,806</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,365</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">267</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total income, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,957</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;&#160;240,978</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Total operating expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(221,310)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(219,532)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profit before tax</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,647</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,446</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Income tax</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(2,961)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,067</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income from discontinued operations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,686</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,513</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">At December 31, 2015 Compa&#241;&#237;a de financiamiento Tuya was composed of assets and liabilities as presented below:&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For the year ended December 31, 2015 Compa&#241;&#237;a de Financiamiento Tuya S.A. had the following cash flows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 78%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Cash flows provided by operating activities:</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net Income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,508</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Total net income adjustments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">308,945</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net changes of assets and liabilities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(243,153)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net cash provided by operating activities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,300</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Cash flows provided by (used in)&#160;&#160;investing activities:</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash provided by (used in)&#160;&#160;investing activities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,259</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Cash flows used in financing activities:</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash used in financing activities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(42,823)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net increased in cash</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 57,736</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash at the beginning of the year</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">150,225</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; 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FONT: 10pt Times New Roman, Times, Serif" align="justify">The information below contains the maximum exposure to credit risk:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Maximum exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and Advances</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (71,122,738)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 89,345,356</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 88,997,241</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (42,593,800)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 46,403,441</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 27,646,114</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (5,915,201)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 21,730,913</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 20,512,208</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (18,991,957)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,251</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Small Business Loans</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,063,580</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (652,227)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 411,353</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 22,248,951</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,969,553)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 19,279,398</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Off-Balance Sheet Exposures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,360,075</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,360,075</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;Financial Guarantees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,701,643</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,701,643</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Loan Commitments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 15,658,432</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> -</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 15,658,432</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Other Financial Instruments <sup style="font-style:normal"> (1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,837,677</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (2,867,247)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,970,430</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt Securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 14,859,423</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,741,345)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,118,078</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 457,940</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (125,902)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 332,038</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity Securities<sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,314</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,314</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 199,665,846</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (73,989,985)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 125,675,861</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Maximum exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Net exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and Financial Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (68,627,160)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 83,120,326</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">86,259,708</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (28,801,285)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">57,458,423</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,925,279</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (5,917,791)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,007,488</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,155,852</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (18,193,999)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">961,853</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Small Business Loans</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,062,724</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(296,816)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">765,908</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,343,923</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (15,417,269)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,926,654</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Off-Balance Sheet Exposures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,499,545</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,499,545</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Financial Guarantees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,344,004</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,344,004</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Loan Commitments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,155,541</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,155,541</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Other Financial Instruments <sup style="font-style:normal"> (1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,900,216</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,384,764)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,515,452</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt Securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,705,563</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,137,457)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,568,106</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">779,829</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(247,307)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">532,522</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity Securities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #161616;FONT-FAMILY:Times New Roman, Times, Serif"> 1,414,824</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #161616;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,414,824</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 181,147,247</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (70,011,924)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 111,135,323</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #262626"> <i><sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Collateral Held (-) and Collateral Pledged (+).</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #262626" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Includes investments classified as &#8220;assets held for sale&#8221;. See Note 12 Assets held for sale and inventories, net.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The borrower of this portfolio is mainly made up of companies, segmented in homogenous groups that are constituted according to size, annual sales or main activity. The following variables are part of this classification:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Segment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 84%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Incomes/Sales</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Business</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Companies with annual sales &gt; = COP 20,000 M and &lt; COP 45,000 M except for Banco Agr&#237;cola, which places borrowers with annual sales &gt;= USD 1M and &lt; USD 25 M and their main activity is in El Salvador.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Business Construction</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Constructors who dedicate themselves professionally to the construction of buildings to be sold as their main activity, with annual sales &gt;= COP 20,000 M and &lt;= COP 45,000 M or with more than three projects.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Corporate Construction</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Constructors who dedicate themselves to the construction of buildings to be sold as their main activity, with annual sales &gt; COP 45,000 M or more than five projects</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Corporate</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Companies with annual sales &gt;= COP 45,000 M., Banistmo places borrowers with annual sales &gt;to USD 10 M in this classification and Banco Agr&#237;cola places borrowers with annual sales &gt;= USD 25 M and their main activity is in El Salvador.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Institutional Financing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Financial sector institutions.</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Government</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Municipalities, districts, departments with their respective decentralized organizations and entities at the national level.</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">SME</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Annual sales &lt; COP 20,000 M, with a classification between small, medium, large and plus except for Banistmo which place companies that do not surpass USD 10 M in annual sales in this classification.</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">The following table shows loans and financial leases, classified in commercial, consumer, mortgage, financial leases and small business loans, and disaggregated by type of collateral:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Amount Covered by Collateral</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Nature of the Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Leasing</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real Estate and Residential</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,529,154</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,572,455</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,959,433</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">273,248</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">40,334,290</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Real Estate Leasing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,725,197</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,392,075</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,117,272</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Leasing Other Than Real Estate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,124,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">112,724</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">577,447</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,814,417</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Stand by Letters of Credit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">455,793</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">455,793</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Security Deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">779,008</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">300,730</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">56,588</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,136,326</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantee Fund</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,583,354</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">147</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">301,045</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,884,546</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Sovereign of the Nation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,710</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,710</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collection Rights</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,220,882</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">41,597</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,119</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,263,598</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other Collateral (Pledges)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,163,456</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,887,548</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">32,524</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,227</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,103,786</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Without Guarantee (Uncovered Balance)</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,403,441</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,730,913</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,520,251</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,279,398</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">411,353</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">89,345,356</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,997,241</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,646,114</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,512,208</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,248,951</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,063,580</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Amount Covered by Collateral</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Nature of the Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Leasing</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real Estate and Residential</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,359,267</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,493,231</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,862,248</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">215,889</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">37,930,635</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Real Estate Leasing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,231,286</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,231,286</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Leasing Other Than Real Estate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,185,983</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,185,983</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Stand by Letters of Credit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">206,453</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">206,453</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Security Deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,015,605</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">280,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">59,029</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,355,177</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantee Fund</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,542,666</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">53</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">308,532</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">348</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,851,599</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Sovereign of the Nation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,421</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,421</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collection Rights</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,896,981</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">35,816</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,230</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,934,027</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other Collateral (Pledges)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,754,892</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,108,148</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,219</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,320</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,906,579</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Without Guarantee (Uncovered Balance)</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">57,458,423</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,007,488</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">961,853</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,926,654</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">765,908</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">83,120,326</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 86,259,708</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,925,279</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,155,852</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,343,923</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,062,724</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The composition of the credit portfolio in commercial, consumer, mortgage, financial leases and small business loans categories are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Composition</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,997,241</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 86,259,708</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">58,661,267</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,862,353</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>SME</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,184,059</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,521,808</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,151,915</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,875,547</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,646,114</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,925,279</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit card</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,255,277</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,784,658</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicle</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,915,705</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,058,653</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Payroll loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,970,783</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,080,660</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,504,349</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,001,308</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,512,208</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,155,852</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>VIS</i><sup style="font-style:normal">1</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,491,926</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,017,520</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Non- VIS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,020,282</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,138,332</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,248,951</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,343,923</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business Loan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,063,580</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,062,724</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances to customers and financial institutions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance for loans and advances and lease losses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (8,223,103)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (6,621,911)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total net loan and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 152,244,991</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,125,575</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> </sup></i>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"></sup></i> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDTH: 25%; FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid"> <i><sup style="font-style:normal"></sup></i></div> <i><sup style="font-style:normal">1</sup> VIS: Social Interest Homes, corresponds to mortgage loans granted by the financial institutions of amounts less than 135 SMMLV.</i></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table shows the ranges of maturity, understood as the remaining term for the completion of the contract of loans and financial leases:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Maturity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Less Than 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 3</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Greater Than 5</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 26,641,770</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,583,956</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,561,261</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,210,254</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,997,241</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,054,923</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,588,101</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,533,725</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,484,518</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">58,661,267</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>SME</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,568,251</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,684,612</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,973,761</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,957,435</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,184,059</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,018,596</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,311,243</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,053,775</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,768,301</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,151,915</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,393,022</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,826,773</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,035,699</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,390,620</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,646,114</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit card</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">761,294</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,104,571</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,384,220</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,005,192</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,255,277</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicle</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">67,118</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">718,610</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,499,980</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">629,997</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,915,705</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Payroll loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">52,087</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">692,079</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,325,911</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,900,706</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,970,783</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">512,523</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,311,513</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,825,588</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,854,725</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,504,349</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 50,102</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 148,851</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 389,456</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,923,799</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,512,208</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>VIS</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,238</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">40,182</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">93,917</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,345,589</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,491,926</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Non-VIS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">37,864</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">108,669</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">295,539</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,578,210</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,020,282</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,101,344</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,698,394</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,546,370</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,902,843</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,248,951</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Small business loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 232,596</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 479,646</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 182,893</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 168,445</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,063,580</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total gross loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 31,418,834</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,737,620</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,715,679</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 71,595,961</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Maturity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Less Than 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 3</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Greater Than 5</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,011,992</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,458,578</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,494,101</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 32,295,037</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 86,259,708</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,679,076</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,032,332</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,385,002</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,765,943</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,862,353</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>SME</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,549,984</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,711,371</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,145,824</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,114,629</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,521,808</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,782,932</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,714,875</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,963,275</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,414,465</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,875,547</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 692,986</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,873,973</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,713,953</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,644,367</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,925,279</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit card</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">189,648</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,465,599</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,363,351</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,766,060</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,784,658</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicle</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">68,174</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">644,217</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,516,701</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">829,561</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,058,653</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Payroll loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,849</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">589,925</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,314,077</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,129,809</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,080,660</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,315</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,174,232</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,519,824</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">918,937</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,001,308</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 37,068</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 130,429</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 309,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,679,188</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,155,852</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>VIS</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,151</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,615</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">81,807</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,878,947</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,017,520</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Non-VIS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,917</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">84,814</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">227,360</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,800,241</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,138,332</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,389,108</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,719,026</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,168,629</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,067,160</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,343,923</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Small business loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 128,025</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 604,831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 161,559</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 168,309</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,062,724</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total gross loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,259,179</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 30,786,837</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 26,847,409</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 71,854,061</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 13.5pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following is the detail of the credit portfolio by main economic activity of the borrower:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Economic sector</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Local</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Foreign</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Agriculture</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,533,671</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,171,525</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,705,196</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Petroleum and Mining Products</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">909,127</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">65,991</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">975,118</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Food, Beverages and Tobacco</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,640,910</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">808,493</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,449,403</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Chemical Production</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,341,248</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">172,763</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,514,011</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Government</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,780,686</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">151,879</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,932,565</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Construction</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,464,605</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,164,321</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,628,926</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Commerce and Tourism</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,115,018</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,520,546</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,635,564</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Transport and Communications</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,307,712</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">602,962</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,910,674</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Public Services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,180,634</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,472,215</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,652,849</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Consumer Services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31,367,376</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,719,168</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">48,086,544</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Commercial Services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,248,665</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,993,836</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,242,501</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other Industries and Manufactured Products</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,367,961</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,366,782</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,734,743</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 117,257,613</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 43,210,481</b></font></div> </td> <td style="white-space:nowrap; 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FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Local</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Foreign</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="9"> <div>In&#160;millions&#160;of&#160;COP</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Agriculture</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,360,479</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,210,219</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5,570,698</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Petroleum and Mining Products</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,670,126</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>96,463</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; 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FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,992,305</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>556,798</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5,549,103</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Chemical Production</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,184,196</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>218,010</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,402,206</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Government</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,426,089</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>204,429</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,630,518</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Construction</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>14,122,163</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,496,434</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>18,618,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Commerce and Tourism</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15,953,310</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,056,928</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>22,010,238</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Transport and Communications</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7,484,105</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>740,379</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8,224,484</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Public Services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5,013,469</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,626,201</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9,639,670</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Consumer Services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>28,673,632</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>13,116,938</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>41,790,570</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Commercial Services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15,186,857</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5,753,166</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>20,940,023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Other Industries and Manufactured Products</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,141,378</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,463,412</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10,604,790</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>109,208,109</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>42,539,377</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>151,747,486</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="65%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below shows the concentration of the loans and advances by country. Loans are presented based on the country that they were originated:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Allowance for loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and advances and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>lease losses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Colombia</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 112,862,226</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70.30%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,164,085</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">87.10%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Panama</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">28,722,853</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17.90%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">507,181</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6.20%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>El Salvador</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,120,415</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.70%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">358,258</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4.40%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Puerto Rico</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">847,767</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,941</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.20%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Guatemala</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,902,627</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.50%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">177,895</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2.10%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other countries</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,206</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.10%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">743</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.00%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,223,103</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Allowance for loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and advances and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>lease losses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Colombia</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 102,011,845</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">67.22%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,369,122</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">81.08%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Panama</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31,216,172</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20.57%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">783,883</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11.84%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>El Salvador</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,879,815</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.85%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">345,364</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.22%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Puerto Rico</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,220,689</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.80%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,218</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.15%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Peru</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,114</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.09%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,958</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.15%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Guatemala</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,265,518</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.45%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">102,772</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1.55%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other countries</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,333</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.02%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">594</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.01%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,621,911</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table shows information about current, past due and impaired loans:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31 2017</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Risk Category</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due loan</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>that are</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>A- Normal Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 139,543,463</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">224,259</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">783,333</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,108</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 140,558,163</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>B- Acceptable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,986,958</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,265,787</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,848,716</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">88,508</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,189,969</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>C- Appreciable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,770</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">715</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,932,948</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">901,271</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,844,704</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>D- Significant Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,167,928</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,289,030</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,456,958</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>E- Unrecoverable Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">52</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">564,728</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,853,520</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,418,300</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,540,243</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,490,761</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,297,653</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,139,437</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Risk Category</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due loan</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>that are</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>A- Normal Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 134,686,374</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">183,232</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,590,500</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,110</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 136,471,216</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>B- Acceptable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,810,882</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">861,347</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,574,761</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">72,370</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,319,360</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>C- Appreciable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,603,480</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">979,191</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,582,671</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>D- Significant Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,247</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">696,641</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,801,383</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,499,271</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>E- Unrecoverable Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">532,715</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,342,253</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,874,968</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 139,498,503</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,044,579</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,998,097</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,206,307</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below shows impaired loans and advances according to their type of evaluation:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Individual Evaluation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Collective Evaluation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,544,324</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,059,356</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,546,504</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,782,385</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,839</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,839</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,337,640</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,403,499</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,115,785</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">489,414</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">641,228</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">298,947</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,105,208</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">202,940</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">135,562</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">99,798</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,196,391</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,369,142</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,240,699</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,978,036</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Individual Evaluation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Collective Evaluation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,547,366</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,767,139</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,245,077</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,121,557</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,586</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,153</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,820,092</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,025,668</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,215,061</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">474,479</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">454,477</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">265,920</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">815,043</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">144,318</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">102,702</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">73,594</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,006,429</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,034,212</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,197,975</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,839,616</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> &#8901; <table style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Maximum exposure level to the credit risk given for:</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b> <b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Maximum Exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Collateral *</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net Exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Maximum Exposure to Credit Risk</i></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt Securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,859,423</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 11,705,563</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (2,741,345)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (1,137,457)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;12,118,078</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,568,106&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Derivatives **</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 457,940</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 779,829</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (125,902)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (247,307)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 332,038</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 532,522&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equity</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,313</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,414,824</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,313</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,414,824&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,837,676</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,900,216</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,867,247)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,384,764)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,970,429</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,515,452&#160;</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>See Notes on this table:</i> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>&#160;</i> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> The information corresponding to the individual evaluation of impairment at the end of the period for other financial instruments, is detailed as follows: <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal" align="justify"><b>Debt Securities</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Final Exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Maximum Exposure to Credit Risk</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Fair Value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,701,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,538,974</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,701,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,538,974</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Amortized Cost</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,158,766</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,166,589</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,198</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,157,568</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,166,589</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,860,621</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;1,198</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,705,563</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal" align="justify">&#160;&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Equity</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Impairment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Final Exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Maximum Exposure to Credit Risk</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; 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TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">990,788</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">895,425</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Fair Value through OCI</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">529,525</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">519,399</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">529,525</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">519,399</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Risk exposure by economic sector and risk country: <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt Securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Equity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Derivatives</b><sup style="font-style:normal">3</sup></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 36%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 8%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Maximum Exposure to Credit Risk</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Sector Concentration</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Corporate</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,020,087</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,148,173</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,340,844</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,193,132</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">95,138</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">187,171</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Financial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,054,303</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">979,201</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">91,904</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">186,123</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">317,232</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">545,990</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Government</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,785,033</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,578,189</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Funds e ETF</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">87,565</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">35,569</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,570</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,668</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 457,940</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 779,829</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Concentration by Location</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;North America</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">710,592</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">344,173</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,658</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">130,303</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,317</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Latam</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,643,832</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,352,383</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,494,750</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,407,845</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,237</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">369,401</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Europe</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,007</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,979</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">33,400</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,572</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Others (Includes Funds and ETF)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,504,999</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,905</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60,539</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 457,940</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 779,829</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: #000000 1px solid; FONT-STYLE: normal; WIDTH: 25%; HEIGHT: 1px; FONT-SIZE: 1px"> </div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000"><b><i><sup style="font-style:normal">1</sup></i></b> <i>ISDA: is a trade organization of participants in the market for&#160;which has created a standardized contract (the ISDA Master Agreement) to enter into derivatives transactions.</i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000"><b><i><sup style="font-style:normal">2</sup></i></b> <i>GMRA: It is a model legal agreement designed for parties transacting repos and is published by the&#160;International Capital Market Association (ICMA), which is the body representing the&#160; bond and repo markets in Europe.</i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000"><b><i><sup style="font-style:normal">3</sup></i></b> <i>For derivatives transactions counterparty risk is revealed as long as the valuation is positive. Therefore, the value described here differs from the book value.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 32pt; PADDING-LEFT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Zone</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Band</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Modified Duration</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Changes in Interest Rates (pbs)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Lower Limit</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Upper Limit</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Legal</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Currency</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>UVR</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Foreign Currency</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt" rowspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Zone 1</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.08</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">274</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">274</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.08</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.25</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">268</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">274</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.25</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.5</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">259</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">274</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.5</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">233</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">274</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Zone 2</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1.9</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">222</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">250</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">90</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1.9</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2.8</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">222</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">250</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">80</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2.8</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3.6</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">211</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">220</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">75</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Zone 3</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3.6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">211</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">220</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">75</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.7</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">172</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">200</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.7</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">65</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10.6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10.6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The VaR model uses a sensitivity factor to calculate the probability of loss due to fluctuations in the price of stocks, funds and currencies in which the Bank maintains a position. As previously indicated, the methodology used in these financial statements to measure such risk consists of computing VaR, which is derived by multiplying the position by the maximum probable variation in the price of such positions (&#8220;?p&#8221;). The (&#8220;?p&#8221;) is determined by the SFC, as shown in the following table:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 50%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 57%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Currency</b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 43%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Sensitivity Factor<sup style="font-style:normal">(1)</sup></b></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>United States Dollar</i></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">12.49%</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Euro</i></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">11.00%</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other currencies</i></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">13.02%</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity and Fund Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14.70%</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b><i><sup style="font-style:normal">(1)</sup></i></b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Update of currency risk exposure sensitivity factors (Dollar EEUU 5.5% to 12.49%, Euro 6% to 11.00% and other currencies 8% to 13.02%).</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents the total change on market risk and every risk factor.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 30%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Factor</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Average</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Minimum</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest Rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">283,548</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">289,811</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">303,876</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">269,572</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Exchange Rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">559,362</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">488,395</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">883,924</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">330,108</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Share Price</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70,758</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">76,632</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">84,059</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70,758</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collective Portfolios</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">173,236</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">156,335</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">174,373</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">34,558</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Value at Risk</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,086,904</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,011,173</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,406,154</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 877,348</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 2016 <sup style="font-style:normal">(1)</sup></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 30%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Factor</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Average</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Minimum</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest Rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">251,904</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">266,447</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">308,534</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">238,625</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Exchange Rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">247,047</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">331,528</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">393,365</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">247,047</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Share Price</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">61,120</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">61,811</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">76,438</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,264</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collective Portfolios</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">161,225</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,149</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">161,225</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">36,808</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Value at Risk</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 721,296</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 714,935</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 827,564</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 627,812</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>An update is presented in the amount official about Total Market Risk (VaR) calculated for the period ended at December 31<sup style="font-style:normal">st</sup>, 2016; it according to a change in the exposure of factor of Collective portfolios in Bancolombia.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">The chart below provides information about Bancolombia&#8217;s interest rate risk sensitivity in local currency (COP) at December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 60%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 20%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 20%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets sensitivity 100 bps</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">692,001</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">614,268</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Liabilities sensitivity 100 bps</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">361,428</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">366,262</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net interest income sensitivity100 bps</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 330,573</b></font></div> </td> <td style="white-space:nowrap; 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FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 60%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 20%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 20%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of USD</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets sensitivity 100 bps</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">76</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">78</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Liabilities sensitivity 100 bps</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">71</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net interest income sensitivity100 bps</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Table 2. Share Price Sensitivity</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Fair Value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 146,667</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 113,835</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Delta</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 14.70%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 14.70%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Sensitivity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,560</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,734</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The liquidity coverage ratio is presented as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 60%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Liquidity Coverage Ratio&#160;&#160;</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash outflows into 30 days*</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,122,512</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,726,831</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Liquid Assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 24,374,356</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 26,224,217</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liquidity coverage ratio</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 475.83%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 389.85%</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>*<font style="COLOR: #0070c0"><i>Net cash outflows into 30 days:</i></font></b> <i>(Interbank borrowings, Financial assets investments, Loans and advances to customers, Derivative financial instruments), minus&#160;30 days contractual maturities of liabilities. Demand deposit Time deposits, Interbank deposits Borrowings from other financial institutions Debt securities, Derivative financial instruments.</i></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table shows the liquid assets held by Bank&#180;s:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 56%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Liquid Assets<sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>High quality liquid assets*</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;Cash</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 14,793,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 15,821,823</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;High quality&#160;&#160;liquid securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,963,343</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,844,716</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Other Liquid Assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;<i>Other securities**</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,617,158</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,557,679</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Liquid Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 24,374,356</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 26,224,218</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -9pt; MARGIN: 0px 0px 0px 9pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 9pt"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Feature possesses the high liquidity available in all cases, and those liquid assets received by the Central Bank for its operations expansion and monetary contraction. Liquid assets are adjusted by a haircut. The following are considered as liquid assets: cash, repos held for trading and investments held for trading in listed shares in Colombia&#8217;s stock exchange, in investment funds units or in other trading debt securities.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 4.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0px; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>*<font style="COLOR: #0070c0">High-quality liquid assets:</font> cash&#160; and shares that are eligible to be reportable or repo operations, in addition to those liquid assets that the Central Bank receives for its monetary expansion and contraction operations described in paragraph 3.1.1 of the Foreign Regulatory Circular DODM-142 of the Bank of the Republic.</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 4.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>**<font style="COLOR: #0070c0">Other Securities</font>: Securities issued by financial and corporate entities.</i></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The tables below set out the remaining contractual maturities of principal and interest balances of the Group&#8217;s financial assets:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial assets December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Cash and balances with central bank</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 15,542,195</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank borrowings - Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,805,467</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial assets investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,706,487</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,258,546</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,107,856</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,931,710</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 54,997,084</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 50,519,957</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 29,659,278</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 50,569,611</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 804,392</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 176,490</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 405,710</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 233,762</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total&#160;&#160;financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 80,855,625</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 55,954,993</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 33,172,844</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,735,083</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial assets December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Cash and balances with central bank</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 16,216,907</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank borrowings - Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,475,341</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial assets investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,438,351</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,805,890</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,025,553</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,016,014</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,098,988</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 48,180,287</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 27,881,140</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 49,141,494</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,437,057</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 274,065</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 202,543</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 533,265</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total&#160;&#160;financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 82,666,644</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,260,242</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 30,109,236</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 51,690,773</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The tables below set out the remaining contractual maturities of principal and interest balances of the Bank&#8217;s financial liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial liabilities December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 19%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Demand deposit from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 77,997,629</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Time deposits from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 37,755,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,085,796</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,053,016</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,134,245</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank deposits-Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,861,258</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 524,880</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,709,585</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,824,456</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,379,194</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,961,015</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities in issue</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,210,313</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,676,708</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,460,302</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,050,023</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 670,817</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 117,485</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 383,380</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 229,804</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total financial liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;132,205,292</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;21,229,325</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;16,275,892</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;12,375,087</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial liabilities December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Demand deposit from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 70,136,704</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Time deposits from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 36,297,356</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,465,672</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,362,963</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,778,373</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank deposits - Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,295,020</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11,436,389</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,990,970</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,813,910</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,829,142</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Debt securities in issue</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,965,927</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,626,491</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,380,097</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 9,083,988</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,072,980</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 194,556</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 165,462</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 528,894</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total financial liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 124,204,376</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,277,689</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 21%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial guarantees</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;5,137,205</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 21%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial guarantees</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,602,250</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,228,289</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 367,298</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 146,167</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In spite of the above, the management has directed its efforts towards the equity strengthening as shown in table below.</div> <div style="CLEAR:both; 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TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31 2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Regulatory Capital and Capital Adequacy Ratios</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 20%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 19%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Basic Ordinary Equity</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 22,221,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 19,235,519</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deductions Basic Ordinary Equity</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (4,189,222)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (4,193,122)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Basic Ordinary Equity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,032,743</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,042,397</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Additional Equity</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,143,524</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Capital Ratios</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Primary capital to risk-weighted assets (Tier I)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10.15%</font></div> </td> <td style="TEXT-ALIGN: right; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Technical capital to risk-weighted assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14.18%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13.26%</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> The following table shows the past due loans and advances without impairment: <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current Loan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past Due Loan</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 &#150; 90</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 &#150; 120</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 &#150; 360</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">80,724,673</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">181,441</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">135</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">163</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">80,906,413</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">24,987,248</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">310,329</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">57</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,297,635</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,529,421</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">654,945</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">118,175</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">93,882</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,396,423</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,396,114</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">106,099</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">231</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">71</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,502,515</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">902,787</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,231</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">928,018</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,540,243</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,278,045</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 118,598</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 94,046</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 72</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 147,031,004</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current Loan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past Due Loan</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 &#150; 90</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 &#150; 120</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 &#150; 360</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">79,287,627</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">178,350</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">79,467,265</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,809,911</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">290,549</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">133</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,100,601</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,485,525</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">368,574</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">50,410</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">36,282</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,940,791</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,880,982</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">89,573</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">395</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,557</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100,896</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,074,403</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">930,432</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">29,590</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">960,022</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 139,394,477</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 956,636</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 50,810</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 40,259</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100,900</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 140,543,082</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 151747486000000 68627160000000 111135323000000 83120326000000 Constructors who dedicate themselves professionally to the construction of buildings to be sold as their main activity, with annual sales >= COP 20,000 M and <= COP 45,000 M or with more than three projects. Constructors who dedicate themselves to the construction of buildings to be sold as their main activity, with annual sales > COP 45,000 M or more than five projects Companies with annual sales >= COP 45,000 M., Banistmo places borrowers with annual sales >to USD 10 M in this classification and Banco Agr&#237;cola places borrowers with annual sales >= USD 25 M and their main activity is in El Salvador. Financial sector institutions. Municipalities, districts, departments with their respective decentralized organizations and entities at the national level. Annual sales < COP 20,000 M, with a classification between small, medium, large and plus except for Banistmo which place companies that do not surpass USD 10 M in annual sales in this classification. 1.00 0.7030 0.1790 0.0570 0.0050 0.0550 0.0010 1.00 0.8710 0.0620 0.0440 0.0020 0.0210 0.00 1.00 0.6722 0.2057 0.0585 0.0080 0.0009 0.0545 0.0002 1.00 0.8108 0.1184 0.0522 0.0015 0.0015 0.0155 0.0001 0 0 87565000000 35569000000 45570000000 46668000000 P0Y P29D P3M P6M P1Y P1Y10M24D P2Y9M18D P3Y7M6D P4Y3M18D P5Y8M12D P7Y3M18D P9Y3M18D P10Y7M6D P12Y P20Y P29D P3M P6M P1Y P1Y10M24D P2Y9M18D P3Y7M6D P4Y3M18D P5Y8M12D P7Y3M18D P9Y3M18D P10Y7M6D P12Y P20Y 2.74 2.68 2.59 2.33 2.22 2.22 2.11 2.11 1.72 1.62 1.62 1.62 1.62 1.62 1.62 2.74 2.74 2.74 2.74 2.5 2.5 2.2 2.2 2 1.7 1.7 1.7 1.7 1.7 1.7 1 1 1 1 0.9 0.8 0.75 0.75 0.7 0.65 0.6 0.6 0.6 0.6 0.6 0.1470 0.1249 0.1100 0.1302 692001000000 614268000000 361428000000 366262000000 330573000000 248006000000 5 to 30 years X X X X X X X X X X X X X VIS: Social Interest Homes, corresponds to mortgage loans granted by the financial institutions of amounts less than 135 SMMLV. 0.400 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 RP-2000 One year increase in life expectancy 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 RP-2000 (M&#38;F) One year increase in life expectancy 14793855000000 15821823000000 7963343000000 7844716000000 24374356000000 26224218000000 22221965000000 19235519000000 4189222000000 4193122000000 18032743000000 15042397000000 7143524000000 7069448000000 25176267000000 22111845000000 0.1015 0.0902 0.0403 0.0424 0.1418 0.1326 38420000000 10 days 10 days 250 days 5000000 1500000 830 509704584000000 452122416000000 509704584000000 452122416000000 950 888 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair-value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair-value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Investment in Associates - TUYA</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">225,548</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,548</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,548</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,548</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 543889000000 0 0 0 0 0 0 0 0 543889000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: bold 12pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192)" align="justify"><font style="FONT-SIZE: 16pt">NOTE 4. CASH AND CASH EQUIVALENTS</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>For purposes of the consolidated statement of cash flow and the consolidated statement of financial position, the following assets are considered as cash and cash equivalents:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 68%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash and balances at central bank</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Cash</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,099,252</font></div> </td> <td style="TEXT-ALIGN: right; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,541,644</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,908,886</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Checks on hold</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 141,370</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 102,525</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Remittances of domestic negotiated checks in transit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 173,827</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 200,053</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total cash and due from banks</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> (1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;</sup> According to External Resolution Number 005 of 2008 issued by the Colombian Central Bank, the Parent Company must maintain the equivalent of 4.50% of its customer&#8217;s deposits with a maturity term less than 18 months as a legal banking reserve, represented in deposits at the Central Bank or as cash in hand. In addition, according to Resolusion Number 177 of 2002 issued by the Guatemalian Monetary Board, Grupo Agromercantil Holding trhough its subsidiaria Banco Agromercantil de Guatemala must maintain the equivalent of 14.60% of its customer&#8217;s deposits dayly balances as a legal banking reserve, represented in unrestricted deposits at the Bank of Guatemala. For its part, according to the norm of the banks Number 3-06 of 2000 issued by the Financial System Superintendency of El Salvador, Banco Agr&#237;cola must mantain an equivalent amount between 1.00% and 25.00% of its deposits and debt securities in issue average dayly balances as a liquidity reserve, represented in unrestricted deposits or debt securities issued by El Salvador Central Bank. 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Sociedad Fiduciaria, Arrendamiento Operativo CIB S.A.C and Capital Investment SAFI S.A. amounting to COP 12,951, COP 6,092 and COP 29, respectively, were classified as assets held for sale. For further information see Note 12. Assets held for sale and inventories.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: bold 12pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192)" align="justify"><font style="FONT-SIZE: 16pt">NOTE 5. 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The detail of the carrying value of the debt securities is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Measurement methodology</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value through</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> profit or loss</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amortized cost</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,003,147</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,016,112</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,471,994</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,050,855</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,522,849</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 36,038</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,926,554</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,962,592</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,052,776</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,431</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,278,207</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate Bonds <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 137,900</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 941,763</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,079,663</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,701,855</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,157,568</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,517,830</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total financial assets invesments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,377,253</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Debt securities classified as Corporate Bonds, increased by 104.75% between December 31, 2017 and 2016 due to the purchase of Alternegy S.A. bonds by Banistmo on December 21 of 2017, which have a carrying value of COP 446,047. Banistmo acted as joint arranger with Banco General and underwriters of the bonds issued by Alternergy for an amount of up to US$320 million.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Measurement methodology</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value through</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> profit or loss</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amortized cost</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by the Colombian Government</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,904,152</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,904,152</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Foreign Governments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,429,192</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 984,675</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,413,867</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,904</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,532,784</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,544,688</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,080,368</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 201,523</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,281,891</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate Bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 111,946</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,937</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 527,883</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,537,562</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,134,919</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,672,481</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,388,172</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total financial assets invesments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,060,653</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The following tables set forth the debt securities portfolio by maturity:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Less than 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Greater</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>than 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at fair value through profit or loss</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,163,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,299,116</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,164,689</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 375,660</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,003,147</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 962,640</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 408,586</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 736,105</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 364,663</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,471,994</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,134</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,946</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,133</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 36,038</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 157,434</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 250,395</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 143,353</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 501,594</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,052,776</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,255</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,027</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,419</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 65,199</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 137,900</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,330,145</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,988,949</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,072,512</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,310,249</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,701,855</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at amortized cost</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by&#160;&#160;the Colombia Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,965</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 241,944</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 184,454</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,229</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209,228</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,050,855</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,909,363</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,191</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,926,554</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 117,075</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,166</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,190</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,431</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26,668</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,945</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 148,684</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 750,466</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 941,763</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,295,050</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>298,721</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>604,103</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>959,694</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,157,568</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,625,195</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,287,670</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,676,615</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,269,943</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Less than 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Greater</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>than 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at fair value through profit or loss</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,719,326</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,883,790</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 981,208</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 319,828</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,904,152</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 925,499</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 532,628</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,947</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 778,118</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,429,192</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 77</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,704</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,930</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,904</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 172,571</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 135,157</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 87,153</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 685,487</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,080,368</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,818</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,069</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,968</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 72,091</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 111,946</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,833,291</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,562,348</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,282,469</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,859,454</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,537,562</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at amortized cost</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 103,889</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 105,032</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 507,817</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 267,937</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 984,675</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,523,571</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,213</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,532,784</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 57,623</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 113,150</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30,750</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 201,523</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 70,464</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 345,473</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,937</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>644,160</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,134,919</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,518,374</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 447,431</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 464,536</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total equity securities at fair value through OCI</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>529,375</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>492,747</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -9pt; MARGIN: 0px 0px 0px 9pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><sup style="font-style:normal">(<i>1)</i></sup></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Equity securities measured at fair value through other comprenhensive income (OCI) and listed in Colombia, increased between December 31, 2017 and 2016 due to the merger between Bolsa de Valores de Colombia (listed company) and Deceval (unlisted). The new investment in Bolsa de Valores de Colombia is classified as listed in Colombia.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">During 2017 and 2016 no impairment loss was recognized on equity securities. Dividends received from equity investments at fair value through OCI held as of December 31, 2017, 2016 and 2015 amounted to COP 11,951, COP 9,317 and COP 9,605, respectively. See Note 24.5 Dividends received, and share of profits of equity method investees</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Equity investments do not have a specific maturity date; therefore, they are not included in the maturity detail.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The detail of the securities pledged as collateral as of December 31, 2017 and 2016 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 47%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Pledged financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Term</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Security pledged</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,744,736</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between six and twelve months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in derivative operations</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater twelve months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; 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TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in derivative operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>118,935</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total securities pledged as collateral</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,741,344</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -35.45pt; MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 47%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Pledged financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Term</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Security pledged</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in repo operations</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 783,688</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 3 and 6 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63,102</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 6 and 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,212</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Less than 3 months</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,648</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in repo operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>918,650</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in derivative operations</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 147,221</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 3 and 6 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES- Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 22,037</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 6 and 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,263</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Less than 3 months</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 47,285</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in derivative operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>218,806</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total securities pledged as collateral</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,137,456</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><font style="FONT-WEIGHT: normal"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>5.2 Derivative financial instruments</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank derivative activities do not give rise to significant open positions in portfolios of derivatives. The Bank enters into derivative transactions to facilitate customer business, for hedging purposes and arbitrage activities, such as forwards, options or swaps where the underlying are exchange rates, interest rates and securities.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices. Financial futures and forward settlement contracts are agreements to buy or sell a quantity of a financial instrument (including another derivative financial instrument), index, currency or commodity at a predetermined rate or price during a period or at a date in the future. Futures and option contracts are standardized agreements for future delivery, traded on exchanges that typically act as a platform.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For further information related to the objectives, policies and processes for managing the Bank&#8217;s risk, please see Note 31 Risk Management.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets forth for the Bank&#8217;s derivatives by type of risk as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Forwards</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; 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BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,425</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (142,976)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (323,923)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,470)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,110)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(147,446)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(327,033)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>25,236</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(10,042)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Swaps</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 672,558</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,127,474</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 274,137</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 186,208</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>946,695</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>1,313,682</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (505,823)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (749,082)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (275,641)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (192,344)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(781,464)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(941,426)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>165,231</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>372,256</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Options</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,995</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 47,297</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>14,995</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>47,297</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,943)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (42,961)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(16,943)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(42,961)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,948)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>4,336</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Futures</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,030)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,030)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>1,134,372</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>1,677,970</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(945,853)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,312,450)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>188,519</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>365,520</strong></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The table below present the notional amounts of the derivatives contracts as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Forwards</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,618,005</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,466,226</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,010,557</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 696,348</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>12,628,562</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>15,162,574</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,276,967)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (13,637,335)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,796,020)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (676,226)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(12,072,987)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(14,313,561)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>555,575</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>849,013</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Swaps</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,188,880</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,021,266</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,315,701</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,109,435</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>22,504,581</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>21,130,701</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,163,466)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,614,135)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,850,149)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (13,249,703)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(20,013,615)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(16,863,838)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>2,490,966</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>4,266,863</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Options</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 697,346</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,186,605</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>697,346</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,186,605</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (682,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,171,719)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(682,197)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,171,719)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>15,149</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>14,886</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Futures</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,772,283</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,078,756</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 175,500</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 316,000</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,947,783</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,394,756</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (117,235)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(117,235)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,947,783</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,277,521</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>39,778,272</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40,874,636</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(32,768,799)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(32,466,353)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,009,473</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,408,283</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets forth the remaining contractual life of the derivative portfolio:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Futures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>172,682</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>946,695</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,995</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,134,372</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 170,299</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 240,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,229</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 425,218</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,383</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 339,934</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 766</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 343,083</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,071</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,071</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(147,446)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(781,464)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(945,853)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141,326)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (135,749)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,836)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (292,911)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,120)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (321,708)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,107)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (328,935)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (324,007)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (324,007)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>25,236</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>165,231</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,948)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>188,519</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Futures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>316,991</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,313,682</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>47,297</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,677,970</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 309,036</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 490,848</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,478</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 844,362</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,900</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 444,120</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,819</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 454,839</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 378,714</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 378,769</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(327,033)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(941,426)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(42,961)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,030)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,312,450)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (311,382)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (167,025)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (40,686)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (520,123)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,623)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (431,814)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,275)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (449,712)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (28)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (342,587)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (342,615)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(10,042)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>372,256</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,336</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,030)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>365,520</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; 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BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Collateral</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 264,700</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 343,334</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Hedge accounting</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank, through Banistmo, has entered into derivatives to manage its interest risk. Those derivatives are designated as hedging instruments to protect the Bank against changes in the fair value of Banistmo&#180;s position in debt securities issued by the Panamanian Government (fair value hedge). In order to protect against interest risk due to changes in cash flows related to Banitmo&#8217;s portfolio of floating-rate deposits (cash flow hedge), Banistmo entered into cash flow hedge contracts until March 2016, when the hedging relationship was discontinued. The hedge effectiveness assessment is performed on a monthly basis consistently throughout the hedging relationship. For fair value hedges, the changes in value of the hedging derivative, as well as the changes in value of the related hedged item concerning to the risk hedged, are reflected in the statement of income in the line &#8220;Interest and valuation on investments&#8221;.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Fair value hedging</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, Banistmo has designated 12 and 8 asset derivative contracts (Interest rate swaps), respectively, as fair value hedging instruments with maturity dates ranging from September 2019 to December 2027.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, Banistmo has designated 5 and 6 liability derivative contracts (Interest rate swaps), respectively, as fair value hedging instruments with maturity dates ranging from September 2019 to April 2026. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The notional amount and the fair value of those instruments are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;<font style="COLOR: #0075c0">In millions of COP</font></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Notional amount&#160;&#160;</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 304,159</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 305,862</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Fair value</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;<font style="COLOR: #0075c0">In thousands of USD</font></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; 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Gains and losses on debt securities in issue which were designated as hedging instruments for hedges of net investments in foreign operations are included in the foreign currency translation reserve. 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity contracts</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.7pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Forwards</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 372</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,470)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Gross derivative assets/liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,134,372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(945,853)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Offsetting of derivatives</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments in statement of financial position</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,134,372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(945,853)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Master netting agreements</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (894,863)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 945,853</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash collateral received/paid</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (239,509)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total derivative financial instruments assetss/ liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives Liabilities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Over-the-counter</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Foreign exchange contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Swaps</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,127,474</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (749,082)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Forwards</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 313,566</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (323,923)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Options</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 47,297</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (42,961)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest rate contracts</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.05pt; PADDING-LEFT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Swaps</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 186,208</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (192,344)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity contracts</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.7pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Forwards</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,425</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,110)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.7pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Futures</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Gross derivative assets/liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,677,970</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,312,450)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Offsetting of derivatives</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments in statement of financial position</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,677,970</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,312,450)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Master netting agreements</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,221,565)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,312,450</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash collateral received/paid</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (343,334)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><font color="#000000">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000">For further information about offsetting of other financial assets and liabilities see Note 15 Interbank deposits and repurchase agreements and other similar secured borrowing.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: bold 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><font style="FONT-SIZE: 16pt"><b>NOTE 6. LOANS AND ADVANCES TO CUSTOMERS AND FINANCIAL INSTITUTIONS, NET</b></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Loans and financial leasing operating portfolio</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is the composition of the loans and financial leasing operations portfolio as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 23,925,279</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,512,208</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,155,852</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 22,248,951</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,343,923</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Small Business Loans</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,063,580</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,062,724</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total gross loans and Financial Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For more details on the composition of the loans and financial leasing operations portfolio, see Note 31 Risk Management.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Allowance for loans losses</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>business</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>loans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+Balance at beginning of period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,499,791</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,791,123</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 653,936</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 567,046</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 110,015</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,621,911</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+ Provisions for loan losses <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,594,310</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,310,518</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 284,392</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 276,687</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 119,690</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,585,597</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Charges-off</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (792,145)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,302,630)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (37,677)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (77,762)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (65,086)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,275,300)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Recoveries <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,783,649)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (510,684)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (253,578)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (133,986)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,141)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,706,038)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+/- Translation adjustment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,127)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,502</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,972)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (583)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 113</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,067)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;= Balance at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,514,180</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,291,829</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>645,101</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>631,402</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>140,591</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,223,103</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; 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FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Financial</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Small</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>business</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>loans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+Balance at beginning of period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,694,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,321,281</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 572,772</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 579,151</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 80,586</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,248,755</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>+Allowance for loan of PA Leasing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,825</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+ Provisions for loan losses <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,684,559</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,922,315</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,291</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 221,694</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95,272</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,149,131</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Charges-off</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (489,573)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (902,400)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,619)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (74,900)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (41,710)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,533,202)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Recoveries <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,379,288)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (525,510)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (109,912)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (180,537)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (23,645)</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>567,046</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>110,015</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,621,911</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i><sup style="font-style:normal">&#160;</sup></i> <table style="MARGIN-TOP: 0px; 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FONT: 10pt Times New Roman, Times, Serif" align="justify">The sale of Compa&#241;ia de Financiamiento Tuya S.A took place on October 31, 2016. 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BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;+Balance at beginning of period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 351,375</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;+ Provisions for loan losses <sup style="font-style:normal"> (*)</sup></i></font></div> </td> <td style="white-space:nowrap; 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BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>loans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+Balance at beginning of period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,360,488</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,479,460</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 456,983</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,766</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 76,560</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,789,257</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>- Discontinued operations<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (282,098)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (282,098)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+ Provisions for loan losses <sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,671,337</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 697,282</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 145,663</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 498,092</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 47,880</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,060,254</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Charges-off</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (711,257)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (629,628)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (12,765)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (31,723)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (36,682)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,422,055)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Recoveries<sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,709,293)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,340)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (63,632)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (328,183)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,947)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,175,395)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+/- Translation adjustment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 83,690</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 120,605</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46,523</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,199</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,775</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 278,792</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;= Balance at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,694,965</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,321,281</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>572,772</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>579,151</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>80,586</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,248,755</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2015, Compa&#241;&#237;a de Financiamiento Tuya S.A. was considered as a discontinued operation, see Note 30 Discontinued Operation. 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 27%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;+Balance at beginning of period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 282,098</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;+ Provisions for loan losses <sup style="font-style:normal"> (*)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 446,614</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;- Charges-off</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (236,196)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;- Recoveries <sup style="font-style:normal"> (*)</sup></i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141,141)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;= Balance at end of year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>351,375</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(*)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The provision for loan losses net of COP 305,473 differs from the COP 324,309 presented in &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; in note 30 discontinued operations, in the amount of COP 18,836 due to the expense of the contingent component of credit cards.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>Leasing operations:</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Finance leases - lessor</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank has subscribed lease agreements as lessor. These leases arrangements involve machinery and equipment, computer equipment, automobile and furniture and fixtures and their terms range between one and twenty years, as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b><i> Period</i></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Gross investment in finance lease</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> receivable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> minimum payments</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Within 1 year</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 759,852</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 526,604</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 1 year, but less than 5 years</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,842,992</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,188,894</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 5 years</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 22,212,438</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,533,453</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Total gross investment in finance lease receivable/ present value of minimum payments</i></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,815,282</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>22,248,951</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Future financial income <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,566,331)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Present value of payments receivable</i></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>22,248,951</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>22,248,951</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Minimum non-collectable payments impairment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (447,361)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (447,361)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,801,590</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,801,590</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Future financial income: Total Gross Investment - Total Present Value of minimum payments</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Gross investment in finance lease</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> receivable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> minimum payments</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Within 1 year</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 835,177</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 570,504</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 1 year, but less than 5 years</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,597,818</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,667,322</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 5 years</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,699,269</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,106,097</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total gross investment in finance lease receivable/ present value of minimum payments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,132,264</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,343,923</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Future financial income <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,788,341)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Present value of payments receivable</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,343,923</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,343,923</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Minimum non-collectable payments impairment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (518,992)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (518,992)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments in associates <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,327,610</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 940,364</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments in Joint ventures</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 237,449</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 357,882</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,565,059</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,298,246</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 and 2016, the amount includes investments in associates at fair value for COP 757,886 and COP 434,318, respectively and investments in associates at&#160;equity&#160;value COP 569,724&#160;and&#160;COP 506,046 respectively. See note 29 Fair value of assets and liabilities.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following are the investments in associates that the Bank holds as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="9"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investments in Associates</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>% of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Ownership</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> interest</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Included in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> earnings <sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total OCI <sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>OCI (Equity</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> method) <sup style="font-style:normal">(3)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> PA Viva Malls</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Development and operation of commercial spaces</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 49.00% <sup style="font-style:normal">(5)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 144,146</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 757,886</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Protecci&#243;n S.A.</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Administration of pension funds and severances</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20.58%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 72,576</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,465</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,236</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 471,312</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Titularizadora Colombiana S.A. Hitos*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mortgage portfolio securities</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26.98%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,305</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,389)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (768)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,346</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Redeban Multicolor S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Network data transmission services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20.36%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,906</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (651)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,951</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Internacional Ejecutiva de Aviaci&#243;n S.A.S. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Aircraft and aircraft travel</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33.33%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,071</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,707</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Concesiones CCFC S.A.</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Construction of public works through an awarding system</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25.50%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,756</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (756)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,383</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH Colombia S.A.&#160;*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19.94%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,109</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (952)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,338</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Reintegra S.A.S. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collections and recovery of portfolio</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,471</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,742</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,754)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,155</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Custodial services and transfer of monetary types</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 418</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (727)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 238</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 153</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,219</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios Financieros, S.A. de C.V. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Processing of financial transactions and electronic payment methods</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.72%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (226)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,302</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH de El Salvador, S. A. de C.V. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 123</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,011</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panamerican Pharmaceutical Holding Inc<sup style="font-style:normal">.(6)</sup> *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advisory services, consultation, representation, agent for individuals or company</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,171)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,417)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 196</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (67)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Avefarma S.A.S<sup style="font-style:normal">(6)</sup>*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacture and distribution of glass packing for pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,307</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,704)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,831)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Glassfarma Tech S.A.S <sup style="font-style:normal">(6)</sup> &#160;*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacturing, elaboration and commercialization of packages and pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (458)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 127</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 139</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="4"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in associates</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>239,333</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(3,038)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(11,547)<sup style="font-style:normal">(7)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>80</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,327,610</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i><sup style="font-style:normal"> </sup></i>&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the accumulated other comprehensive income as of December 31, 2017<sup style="font-style:normal">.</sup></i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 the increses of ownership interest is related to capital contributions during the year 2017</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(6)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 the Bank classified the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc as "assets held for sale", due to the fact that the management has currently been implementing a plan to sell these assets. See note 12 assets held for sale and inventories.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(7)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>See Consolidated Statement of Comprehensive income.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> (*)</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the purposes of applying the equity method of accounting, financial statements at November 30, 2017 have been used, except for Redeban Multicolor S.A., for which we use the financial statements ended at October 31, 2017. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2017.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="9"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investments in Associates</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; 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BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 434,318</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> PA Viva Malls <sup style="font-style:normal">(5)</sup></font></div> </td> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Development and operation of commercial spaces</font></div> </td> <td style="TEXT-ALIGN: center; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30.68%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388,595</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Titularizadora Colombiana S.A. Hitos*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mortgage portfolio securities</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26.98%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,619</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (621)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,930</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Redeban Multicolor S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Network data transmission services</font></div> </td> <td style="TEXT-ALIGN: center; 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BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,006</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Avefarma S.A.S*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacture and distribution of glass packing for pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,378)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (873)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,202)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,079</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panamerican Pharmaceutical Holding Inc.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advisory services, consultation, representation, agent for individuals or company</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,196)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,613)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,863)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,934</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,820</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Internacional Ejecutiva de Aviaci&#243;n S.A.S.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>A<font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ircraft and aircraft travel</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33.33%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,038</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,636</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Reintegra S.A.S.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collections and recovery of portfolio</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,309)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,496</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 805</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,604</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH Colombia S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19.94%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,129</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (952)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (878)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,223</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Concesiones CCFC S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Construction of public works through an awarding system</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25.50%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,606</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (753)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,742</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Custodial services and transfer of monetary types</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 436</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (965)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 957</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,448</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios Financieros, S.A. de C.V.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Processing of financial transactions and electronic payment methods</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.72%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 56</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,550</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Glassfarma Tech S.A.S*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacturing, elaboration and commercialization of packages and pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 425</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (12)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (348)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,522</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH de El Salvador, S. A. de C.V.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 210</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (58)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 891</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Multiactivos S.A. <sup style="font-style:normal"> (6)</sup></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securitization of non-mortgage assets</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 183</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 70</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Concesiones Urbanas S.A. (winding up) <sup style="font-style:normal">(7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Construction of civil engineering projects</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="4"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in associates</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>64,301</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,509</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,718)<sup style="font-style:normal">(8)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,029</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>940,364</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2016. See note 24.5 Dividends received, and share of profits of equity method investees</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the accumulated other comprehensive income as of December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>PA Viva Malls, an investment in an associate of Fondo inmobiliario Colombia Inmobiliario which contributed COP 388,595 in December 2016 to participate in 49% of the company. In partnership with Grupo &#201;xito, which owns 51%, the company's corporate purpose will be the development and management of real estate.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(6)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On October 19, 2016 Multiactivos S.A was wound up.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(7)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On November 23, 2016 Concesiones Urbanas S.A was wound up.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(8)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>See Consolidated Statement of Comprehensive income</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> (*)</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the purposes of applying the equity method of accounting, financial statements at November 30, 2016 have been used, due to the fact that no more recent financial information was available. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2016.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following is additional information regarding the Bank&#8217;s most significant associates as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income from</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> ordinary</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> activities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profits (loss)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Dividends</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>PA Viva Malls<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,262,837</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,499</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 380,612</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 235,647</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; 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Hitos</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 614,032</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 487,073</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,714</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,161</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,778</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,548</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; 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BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in joint ventures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,269</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>237,449</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. 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MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>% of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Ownership</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> interest</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Included<br/> in<br/> earnings</b></div> <div style="CLEAR:both;MARGIN: 0px; 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BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 348,480</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Fideicomiso Ruta del Sol - compartimento A</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investment in infrastructure projects</font></div> </td> <td style="TEXT-ALIGN: center; 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VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2016. 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income from</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> ordinary activities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profits (loss)</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,329,631</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,153,155</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (13,257)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> </table> <div style="CLEAR:both; 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ASSETS HELD FOR SALE AND INVENTORIES</b></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The breakdown of inventories and assets held for sale of the Bank is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Assets held for sale and inventories</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Inventories, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">164,516</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,137</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets held for sale</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">212,487</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">133,050</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(14,816)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(11,917)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total inventories, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 164,516</b></font></div> </td> <td style="white-space:nowrap; 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Furthermore, the plan specifies the conditions to proceed with the selling process, consisting of an offer made by the customer and then, the Management's approval to perform the sale.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The total balance of assets held for sale, by operating segment, are detailed below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Assets held for sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>El Salvador</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Others</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Segment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Machinery and equipment</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,099</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,362</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 39</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,500</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,972</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,422</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 39</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,433</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (873)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (60)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (933)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate for residential purposes</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,346</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,257</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,586</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 665</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,854</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,431</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,859</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,645</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 885</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 24,820</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (85)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (602)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (59)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (220)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (966)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate different from residential properties</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 295</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 952</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 155</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,402</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 295</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 952</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 178</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 24</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,449</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (23)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (24)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (47)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investments held for sale</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,413</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,413</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 18,413</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 18,413</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets related to Investments held for sale</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 157,318</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 157,318</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 157,318</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 157,318</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets held for sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,740</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,571</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,586</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 859</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 175,731</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 212,487</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>In December 2017, the administration launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". According to the sales plan, the sale is expected to occur before the end of year 2018.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>2.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>These assets corresponded to Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. and FiduPer&#250; S.A. Sociedad Fiduciaria.</i></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">&#160;</sup></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For the companies Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. and FiduPer&#250; S.A. Sociedad Fiduciaria, the Bank has the intention to sell them. Therefore the Bank expects that their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. As a result, these companies are disclosed in the Statement of Financial Position as assets held for sale. The sale is highly probable and those companies are available for immediate sale subject only to customary terms for sale. In this regard, Bank is managing all the necessary authorizations to carry out the sale such as the approval of the Peruvian Superintendence of Banking and Insurance.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The breakdown of the major classes of assets and liabilities classified&#160;as held for sale is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 74%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 26%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2017</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millons of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Cash and cash equivalents</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 19,072</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Financial assets investment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,486</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Premises and equipment, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 109,469</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Prepaid expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 101</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Tax receivables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,028</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Deferred tax</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,103</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Assets held for sale</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,691</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other assets</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 12,368</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>157,318</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 90,109</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Tax liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 611</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Deferred tax liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,908</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other liabilities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 7,348</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>102,976</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>El Salvador</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Others</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Segment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Machinery and equipment</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,726</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,361</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 24</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,355</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,466</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,871</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,671</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 26</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,355</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 9,923</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (145)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (310)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (457)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate for residential purposes</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,862</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,036</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,096</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 677</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,671</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4,031</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 15,160</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,114</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 825</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 21,130</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (169)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (124)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (18)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (148)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (459)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate different from residential properties</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 28,587</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,093</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 185</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 72,048</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 102,913</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 29,861</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,093</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 185</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 72,048</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 104,187</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,274)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,274)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets held for sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 36,175</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,490</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,096</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 886</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 75,403</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 133,050</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Assets held for sale had an impairment amounting COP 1,946 and COP 2,190 as of December 31, 2017 and December 31, 2016, respectively. The aforementioned impairment was mainly due to observable transactions with a sale price below the carrying value of assets less the estimated costs to sell.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: -21.3pt; MARGIN: 0px 0px 0px 21.3pt; FONT: bold 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><font style="FONT-SIZE: 16pt">NOTE 13. OTHER ASSETS</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016 the Bank&#8217;s other assets consist of:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax advance</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 480,523</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 581,152</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Marketable and non-marketable for sale assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 328,877</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 337,243</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other receivables <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 291,235</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 480,255</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Prepaid expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 287,550</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 310,759</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Advances to asset purchases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 251,561</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 94,150</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Assets pledged as collateral</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 192,036</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 171,561</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Receivables related to abandoned accounts <sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 147,228</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 110,944</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank Borrowings not classified as cash equivalents</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 125,963</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 159,398</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Receivable Sales of goods and service</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 117,540</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 137,248</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commission receivables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 97,710</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,002</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commission for letters of credit</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,927</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 94,835</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Balance in credit card clearning house</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 66,788</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 63,018</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 38,653</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 39,150</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Debtors</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10,510</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 18,911</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Taxes receivable</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,199</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,474</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest receivable</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,128</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,794</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 33,370</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 100,838</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total other assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,550,798</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,784,732</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Allowance others</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (71,761)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (33,849)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total other assets, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,479,037</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,750,883</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>As of December 31, 2017 corresponds to conciliatory items on correspondent banks and mortgage-backed securities&#180; interest; for December 2016, mainly comprised of insurance claims and cash short and over.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The item corresponds to receivables related to the application of the Colombian Law 1777 of February 1, 2016, which establishes that entities holding accounts deemed abandoned must transfer the related amounts to a fund constituted and regulated by the Icetex (Governmental entity responsible for promoting high quality education in Colombia).</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 13000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"> <b> NOTE 22. APPROPRIATED RESERVES </b> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> &#160; </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(0,0,0); WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify"> As of December 31, 2017 and 2016 the appropriated retained earnings consist of the following: </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(0,0,0); WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify"> &#160; </div> <table style="WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; WIDTH: 1886px; LETTER-SPACING: normal; BORDER-COLLAPSE: collapse; FONT: 10pt 'Times New Roman', Times, serif; ORPHANS: 2; WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; WIDTH: 1085px; PADDING-RIGHT: 3pt; BORDER-TOP: black 1pt solid"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <b> Concept </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3pt; WIDTH: 370px; PADDING-RIGHT: 3pt; BORDER-TOP: black 1pt solid"> <div> <font style="FONT-SIZE: 10pt;"> <b> December 31, 2017 </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3pt; WIDTH: 369px; PADDING-RIGHT: 3pt; BORDER-TOP: black 1pt solid"> <div> <font style="FONT-SIZE: 10pt;"> <b> December 31, 2016 </b> </font> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; WIDTH: 33px; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div> <font style="COLOR: rgb(0,117,192); font-stretch: normal;"> <b> In millions of COP </b> </font> </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:"> <i> Appropriation of net income&#160;<sup style="font-style:normal"> (1) </sup> </i> </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:"> 8,709,922 </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,871,092 </font> </div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> For Fiscal provisions&#160; <sup style="font-style:normal"> (3) </sup> </i> </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;196,318 </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;551,341 </font> </div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> <sup style="font-style:normal"> (2) </sup> </i> </font> </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> Others </i> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;138,915 </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;49,976 </font> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;"> <b> Total Appropiated reserves </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;"> <b> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;9,045,155 </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;"> <b> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,472,409 </b> </font> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(51,51,51); WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify"> &#160;<i> <sup style="font-style:normal"> &#160; </sup> </i> </div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"> <i> <sup style="font-style:normal"> (1) </sup> </i> </div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"> <i> The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders. </i> </div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"> <i> <sup style="font-style:normal"> (2) </sup> </i> </div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"> <i> Pursuant to Decree 2336 of 1995, a reserve was established until 2016 for profits related to the valuation of investmentes held for trading purposes by the Bank. </i> </div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"> <i> <sup style="font-style:normal"> (3) </sup> </i> </div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"> <i> Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation. </i> </div> </td> </tr> </table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"> <tr> <td></td> </tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>NOTE 23. UNCONSOLIDATED STRUCTURED ENTITIES</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>Nature and risks associated with the Bank&#8217;s interests in unconsolidated structured entities</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The term "unconsolidated structured entities" refers to all structured entities that are not controlled by the Bank. The Bank manages transactions with unconsolidated structured entities in the normal course of business to facilitate customer transactions and for specific investment opportunities.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below shows the total assets of unconsolidated structured entities in which the Bank had an interest at the reporting date and its maximum exposure to loss in relation to those interests.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets of the entities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,110,967</b></font></div> </td> <td style="white-space:nowrap; 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BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 49%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Securitisations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>managed funds</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets of the entities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,621,035</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 196,131</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 196,131</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,125,459</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,617,126</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank invests in asset-backed securities issued by securitization entities for which underlying assets are mortgages originated by financial institutions. The Bank does not have a significant exposure to sub-prime securities. The asset-backed securities are denominated in local market TIPS and accounted for as investment at fair value through profit or loss. These asset-backed securities have different maturities and are generally classified by credit ratings. The Bank does not expect significant changes in those ratings. Also, the Bank retain beneficial interests in the form of servicing fees on the securitized mortgages.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Revenues generated by the Bank&#180;s asset management business, are derived from the following type of business lines: related trusts, mutual funds sold to individuals, corporate trusts, escrow accounts, private equity funds, and delegated tailor-made mandates from third parties. Generally, the revenues correspond to the fees received from the management of resources that are invested in several instruments, management of properties and premises related to real estate projects in progress.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Likewise, fees from management of resources pledged by clients in order to guarantee commitments and obligations with third parties. Finally, fees from management of resources of government agencies and entities.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On the other hand, there is no an additional exposure to loss, such as funding commitments with regards to the Bank&#8217;s involvement with those entities.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>NOTE 24. 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FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt investments, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 159,890</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 163,311</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 71,091</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net gains from investment activities at fair value through income statement</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">699,841</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">579,403</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,979</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(61,667)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(4,750)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31,835</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Spot transactions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,517</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(22,831)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(48,961)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Repos</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(116,268)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(7,638)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(50,081)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,977</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total net gains from investment activities at fair value through profit and loss</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 525,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 544,184</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 230,749</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (4,279,316)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (3,878,528)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (2,415,187)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities in issue</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,191,000)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,335,192)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,057,748)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial borrowings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(672,472)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(723,385)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(454,326)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Preferred shares</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(58,714)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(58,714)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(58,714)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Borrowings from other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(15,860)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(6,345)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(6,836)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other interest</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(15,624)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(50,936)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(45,130)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (6,232,986)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (6,053,100)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (4,037,941)</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Net interest income includes interest earned on loans, &#8216;repos&#8217; and investments less interest beared on deposits by customers, debt securities in issued, borrowing from other financial institutions and &#8216;repos&#8217;. At December 31, 2017, 2016 and 2015, net interest income amounted to COP 10,639,007 COP 10,202,433 and COP 7,723,704, respectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>24.3 Fees and commissions</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets forth the detail of fees and other services, for the years ended December 31, 2017, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Fees and other service income:</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit and debit card fees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,164,380</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,092,919</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,015,253</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Banking services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">885,512</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">816,839</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">630,616</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancassurance</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">408,248</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">336,692</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">260,224</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Trust</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">359,651</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,499</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">265,215</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Collections</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">228,580</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">229,940</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">203,772</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Acceptances and guarantees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,365</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,724</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">44,539</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Checks</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">48,010</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">51,974</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,861</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Brokerage</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,618</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,431</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,453</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">416,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">383,217</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">291,624</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,586,907</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,285,235</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,790,557</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For the years ended December 31, 2015 Compa&#241;&#237;a de Financiamiento Tuya, as a discontinued operation, had fees and commissions income amounting to COP 388,306. For further information see Note 30. Discontinued operations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #2e74b5" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Fees and other service expenses</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Banking services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(396,264)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(354,640)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(298,415)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Call center and website</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(291,602)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(260,006)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(190,110)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(394,848)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(351,625)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(308,988)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,082,714)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (966,271)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (797,513)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fees and commissions income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,504,193</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,318,964</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,993,044</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2015 Compa&#241;&#237;a de Financiamiento Tuya, as a discontinued operation, had a balance of fees and commissions expenses amounting to COP 152,500. For further information see Note 30. Discontinued operations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>24.4 Other operating income</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets forth the detail of other operating income net for the years ended December 31, 2017, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Other operating income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Operating leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">563,861</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">493,486</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">448,754</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net foreign exchange</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,068</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">132,292</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(157,933)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">164,150</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">167,914</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">165,737</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other reversals</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,012</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">37,767</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,110</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Investment property valuation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,573</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">149,299</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">150,176</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Insurance <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,640</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,679</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Gains on sale of assets</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">40,600</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60,282</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,408</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Derivatives foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,917</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">164,172</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">527,137</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Penalties for failure to contract</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,881</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,634</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,963</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Hedging</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(3,678)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(5,985)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(20,509)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">286,322</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">223,583</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">227,859</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Others fees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 427,517</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 411,521</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 256,852</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Leasing</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 244,956</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 246,445</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 218,394</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Transport</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 158,561</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 154,220</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 138,084</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Disputes, fines and sanctions <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 139,146</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 52,441</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 58,821</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Frauds and claims <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 134,087</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 72,860</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 81,836</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Data processing</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 130,125</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 101,347</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 46,536</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Advertising</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 127,142</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 120,046</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 113,821</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Public services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 107,727</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 114,840</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 94,295</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Cleaning and security services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 92,359</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 93,336</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 65,867</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Communications</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 67,201</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 61,943</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 55,003</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Contributions and affiliations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 60,320</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 59,406</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 50,709</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Properties improvements and installation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 59,121</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 55,307</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 58,141</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Useful and stationery</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 58,145</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 61,699</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 42,232</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Travel expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 38,037</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 37,112</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 34,998</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Production and supply cards</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 32,975</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 29,532</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 15,509</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Trust</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 25,901</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 13,176</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,637</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Legal and financial consultant</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 25,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 29,435</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 18,785</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Real estate management</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 21,817</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 19,262</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 18,428</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Board of directors and audit fee</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 20,450</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 20,926</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 19,223</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Donations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 17,048</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 18,338</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 13,031</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Storage services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 16,162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,157</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,918</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;Public relations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,912</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,101</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,270</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 89,619</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 90,008</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income from continuing operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,615,000</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,701,831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Non-controlling interests from discontinuing operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income attributable to the controlling interest</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,615,000</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,865,328</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,518,890</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Preferred dividends declared</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 370,983</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 342,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 316,548</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Allocation of undistributed earnings to preferred stockholders</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 827,126</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 972,955</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 836,383</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 35.45pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Continuing operations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 827,126</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 896,100</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 825,800</i></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 35.45pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discontinued operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest and other operating income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,989</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 419</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 11,224</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 48,403</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 53</font></div> </td> <td style="white-space:nowrap; 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See Note 12. 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Directors and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> senior</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> management</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Associates and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>joint venture <sup style="font-style:normal">(1)</sup></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,688,543</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Loans and advances to customers and financial entities, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">246,245</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,709</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">36,262</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other assets</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">389</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">64,078</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 246,245</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,098</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,788,883</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">145,266</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,750</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">230,176</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,627</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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Corporaci&#243;n Financiera</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investment banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Bancolombia S.A. Comisionista de Bolsa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Compa&#241;&#237;a de Financiamiento Tuya S.A. <sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.99%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Renting Colombia S.A.S (Before Renting Colombia S.A.)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Transportempo S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Transportation</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Simesa S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inversiones CFNS S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">BIBA Inmobiliaria S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Vivayco S.A.S. <sup style="font-style:normal">(3)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Portfolio Purchase</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 74.95%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">FCP Fondo Colombia Inmobiliario.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63.47%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62.55%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50.21%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Patrimonio Autonomo Cartera LBC. <sup style="font-style:normal"> (4)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Loan management</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Prosicol S.A.S<sup style="font-style:normal">. (5)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Pre-operating stage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Fideicomiso "Lote Abelardo Castro".</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mercantil trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> </tr> </table> &#160;&#160; <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>ENTITY</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>JURISDICTION</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INCORPORATION</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BUSINESS</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Panam&#225; S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Bancolombia Panam&#225; S.A. <sup style="font-style:normal"> (6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Sistemas de Inversiones y Negocios S.A. Sinesa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banagr&#237;cola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Investment Corporation S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financomer S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Leasing Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Panam&#225; Fondos de Inversi&#243;n S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Renta Fija Internacional Largo Plazo S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collective investment fund</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Renta Fija Internacional Corto Plazo S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collective investment fund</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financiera Flash S.A. <sup style="font-style:normal"> (7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Grupo Financomer S.A. <sup style="font-style:normal"> (7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities Banistmo S.A. <sup style="font-style:normal"> (8)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Asset Management Inc. <sup style="font-style:normal"> (9)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Capital Markets Group Inc. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Van Dyke Overseas Corp. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inmobiliaria Bickford S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Williamsburg International Corp. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Anavi Investment Corporation S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Desarrollo de Oriente S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Steens Enterpresies S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Portfolio holder</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Ordway Holdings S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Grupo Agromercantil Holding S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banco Agr&#237;cola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendadora Financiera S.A. Arfinsa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.37%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Credibac S.A. de C.V.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Credit card services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Banagr&#237;cola S.A. de C.V.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inversiones Financieras Banco Agr&#237;cola S.A. IFBA</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> </tr> </table> &#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>ENTITY</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>JURISDICTION</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INCORPORATION</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BUSINESS</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Gestora de Fondos de Inversi&#243;n Banagricola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Administers investment funds</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendamiento Operativo CIB S.A.C.<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Fondo de Inversi&#243;n en Arrendamiento Operativo - Renting Per&#250; <sup style="font-style:normal">(12)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Capital Investments SAFI S.A.<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> FiduPer&#250; S.A. Sociedad Fiduciaria<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Leasing Per&#250; S.A. <sup style="font-style:normal"> (12)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banagr&#237;cola Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Outsourcing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banco Agromercantil de Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Seguros Agromercantil de Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Insurance company</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financiera Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Agrovalores S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Tarjeta Agromercantil S.A. <sup style="font-style:normal"> (13)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Credit Card</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendadora Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Agencia de Seguros y Fianzas Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Insurance company</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Asistencia y Ajustes S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Serproba S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Maintenance and remodelling services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios de Formalizaci&#243;n S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Loans formalization</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Conserjeria, Mantenimiento y Mensajer&#237;a S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Maintenance services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Media Plus S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advertising and marketing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Mercom Bank Ltd.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Barbados</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">New Alma Enterprises Ltd.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bahamas</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Puerto Rico Internacional Inc.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Puerto Rico</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Caym&#225;n S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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See Note 7: 'Investments in associates and Joint Ventures'.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment liquidated by Inversiones CFNS S.A.S. during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment liquidated as result of fusion of Bancolombia S.A. and Leasing Bancolombia during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment sold by Valores Simesa S.A. during 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(6)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment initially acquired by Banistmo S.A. and subsequently merged with Valores Banistmo S.A during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(7)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Financomer S.A. during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(8)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Valores Banistmo S.A. during 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(9)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(10)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investments in non-operational stage.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(11)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investment classified as assets held for sale. 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Currently, there is no specific guidance for these transactions under IFRS, therefore, as permitted by IAS 8, the Bank has developed an accounting policy considering pronouncement of other standard-setting bodies. The assets and liabilities recognized as a result of transactions between entities under common control are recognized at the carrying value of the acquiree&#8217;s financial statements. 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Goodwill is included in the carrying amount of the investment and it is not amortized. The requirements of IAS 39 are applied to determine whether it is necessary to recognize any impairment loss with respect to the Bank&#8217;s investment in an associate or a joint venture. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with IAS 36 Impairment of Assets as a single asset. 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When an investment in an associate or joint venture is held by, or is held indirectly through, an entity that is a venture capital organization, or a mutual fund, unit trust or similar entities, and such investment is measured at fair value through profit or loss in that entity, the Bank may elect to measure investments in those associates and joint ventures at fair value through profit or loss in the consolidated financial statements. 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The portion that corresponds to the Bank for changes in the investee&#180;s other comprehensive income items is recognized in the consolidated statement of comprehensive income and gains or losses of the associate or joint venture are recognized in the consolidated statement of income as &#8220;Dividends received and share of profits of equity method investees&#8221;, in accordance with the Bank's participation. Gains and losses resulting from transactions between the Bank and its associate or joint venture are recognized in the Bank&#180;s consolidated financial statements only to the extent of unrelated investor&#180;s interest in the associate or joint venture. 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In contrast, there were returns paid in quarterly installments due to the nature of its business, which mainly comprises long- term investment in real state, considered as low-risk portfolio.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2017, 2016 and 2015, related to the FCP Colombia Inmobiliario:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,550,219</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,048,867</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>655,315</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>661,973</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,649,357</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,354,067</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 81,816</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 52,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 94,810</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 17.3pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Valuation of &#160;trust rights</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 53,143</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-INDENT: 17.3pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other expenses</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 86,270</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 49,078</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 36,936</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; 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(GAH). As of December 30, 2016, the portion of ownership in GAH by the non controlling interest was 40.00%, reason for which is considered as a significant non-controlling interest for the Bank and its subsidiaries. Guatemala is the principal place of business of GAH and its subsidiaries.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2017, 2016 and 2015 of Grupo Agromercantil Holding.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed statement of income</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 389,463</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 393,972</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total fees and commission, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,565</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 58,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 54,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55,942</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received and equity method</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 608</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 779</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>545,882</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>509,438</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (445,038)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (435,430)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income tax</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,546)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>79,298</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>62,811</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed cash flow</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by operating activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,850</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (136,878)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by investing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,427)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,157)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by financing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87,103)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (77,684)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash and cash equivalents at beginning of year</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,098,861</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,359,176</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash and cash equivalents at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,203,181</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;1,140,457</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Other comprehensive income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments&#160;&#160;at fair&#160;&#160;value&#160;&#160;through OCI</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,241</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Translation adjustment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,758</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,195)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (537,196)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,042)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,959</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total other comprehensive income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,957</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(53,554)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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The impairment test for goodwill involves estimates and significant judgments, including the identification of cash generating units and the allocation of goodwill based on the expectations of which the Bank will benefit from the acquisition. The fair value of the acquired companies is sensitive to changes in the valuation models assumptions. Adverse changes in any of the factors underlying these assumptions could lead the Bank to record a goodwill impairment charge. Management believes that the assumptions and estimates used are reasonable and supportable in the existing market environment and commensurate with the risk profile of the assets valued. 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Applying that model, a lessee is required to recognize:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 22.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0070c0"><b>(a)</b></font> Assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value; and</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 22.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0070c0"><b>(b)</b></font> Depreciation of lease assets separately from interest on lease liabilities in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Management is evaluating the impact of the adoption of IFRS 16 on the Bank, in its financial position statement and disclosures. 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However, a simplified measurement method is allowed to measure the quantity related to the remaining service by allocating the premium during the coverage period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">This IFRS is mandatory for periods beginning on or after 1 January 2021. Advance application is allowed. 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This amendment is effective as of January 1, 2018, allowing early adoption.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank evaluated the proposed amendment in the standard by determining that the events described therein regarding changes in the use of Investment Property have not taken place in the Bank and its subsidiaries, therefore, the new requirements in IAS 40 will be applied prospectively for new operations as of January 1, 2018, at the moment that transfers of properties with these characteristics are done.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0070c0"><b>IFRIC 22 Transactions in Foreign Currency and Advance Payments:</b></font> This interpretation is issued to determine the exchange rate to be used for the recognition of income from ordinary activities when an entity has received an anticipated consideration in foreign currency. The date of the transaction to determine the exchange rate to be used in the initial recognition of the related asset, expense or income is the date on which an entity initially recognizes the non-monetary asset or non-monetary liability arising from payment or collection of the anticipated consideration. This interpretation is effective as of January 1, 2018, allowing early adoption.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Management assessed the impact of the Bank's interpretation on its financial statements and disclosures by modifying the accounting recognition of administrative payments whose change does not generate a material impact. 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This interpretation shall become enforceable for the annual periods commencing as of January&#160;1,&#160;2019.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank shall reflect the effect of an uncertain tax position in regard to the income tax, when it will be concluded that it is unlikely that the tax authority accepts an uncertain tax treatment and, therefore, it will likely pay amounts relating to the uncertain tax treatment.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Panama Panama Panama Panama Panama Panama <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #1f497d" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>7.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Financial instruments</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>7.1.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Recognition of financial assets and liabilities</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Financial assets and liabilities are recognized in the statement of financial position when the Bank becomes a party of the contractual provisions of the instrument. This includes conventional purchases and sales, which are those purchases and sales of financial assets that require the delivery of assets within the time frame established by regulation or convention in the marketplace. 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FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>94</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,916</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>444,649</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,201</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,692,245</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,568)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,685,677</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on loans and financial leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,576,159</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,374,398</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 830,050</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 767,986</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 412,418</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,000</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,974,011</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (426)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,973,585</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total Debt investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 602,304</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 93,154</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,582</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100,193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 94</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,147</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,329</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 735</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 859,731</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 859,731</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (54,156)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 438</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7,661)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,085</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (289)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (55,583)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,084)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (61,667)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liquidity operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (140,006)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,456</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,174</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,141)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 601</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,430</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,817</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,245)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (85,914)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (58)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (85,972)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,791,976)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(523,312)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(256,994)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(348,726)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(102)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(72)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(226,304)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(85,928)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,233,414)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>428</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,232,986)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,192,325</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>972,134</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>625,812</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>516,312</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>692</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>94</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,844</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>218,345</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(75,727)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,458,831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,140)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,452,691</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total credit impairment charges, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,196,065)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (46,468)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (110,018)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (125,877)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (549)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (147)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,541</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,696</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,470,421)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,576</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,461,845)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,996,260</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>925,666</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>515,794</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>390,435</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>143</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>560</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,697</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>224,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,031)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,988,410</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,436</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,990,846</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues (Expenses) from transactions with other operating segments of the Bank</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (59,884)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,837)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (963)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (972)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (33,024)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,209</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 53,075</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,327</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (48,931)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total fees and commission income, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,588,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 205,645</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 170,834</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,565</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283,666</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 28,695</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 96,703</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,270</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,569</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,504,193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,504,193</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 673,850</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,784</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,405)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 54,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,560</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,886</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,647)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,280</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 874,126</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,612,680</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,666</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,632,346</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received, and share of profits of equity method investees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (53,141)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,038</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 324</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 608</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,249</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (70,114)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,278</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (239,328)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (61,156)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (385,242)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 651,412</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 266,170</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Joint venture impairment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (173,339)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (173,339)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (173,339)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,145,331</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,119,296</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>679,584</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>545,882</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>282,594</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(196,103)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>159,106</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>108,435</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>702,577</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,546,702</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>673,514</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,220,216</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses <sup style="font-style:normal"> (3)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,717,591)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (569,219)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (383,002)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (343,646)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (113,482)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,100)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (101,255)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (56,593)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (430,212)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,749,100)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 538</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,748,562)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment, depreciation and amortization</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (147,034)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (55,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,671)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (101,392)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (540)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (133)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,398)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (967)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (137,377)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (478,709)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (174)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (478,883)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,864,625)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(624,416)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(417,673)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(445,038)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(114,022)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(34,233)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(102,653)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(57,560)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(567,589)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(7,227,809)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>364</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(7,227,445)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Profit before tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,280,706</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>494,880</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>261,911</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>100,844</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>168,572</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(230,336)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>56,453</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>50,875</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>134,988</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,318,893</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>673,878</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,992,771</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes imparment recognition in joint venture Compa&#241;&#237;a de Financiamiento Tuya S.A.For more information see Note 7 Investments in associates and joint ventures</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="12"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> banking</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Off shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total before</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjustments for</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> consolidation<sup style="font-style:normal">(1)</sup></b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total after</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt">&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="12"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total interest and valuation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,586,785</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,399,852</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>901,757</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>869,329</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>827</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>136</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,160</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>442,107</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,299</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,248,252</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>500,553</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,748,805</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on loans and financial leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,196,951</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,284,986</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 844,687</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 763,031</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 431,381</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,819</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,546,855</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 473,487</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,020,342</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total Debt investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 464,504</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 94,284</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 48,264</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 96,081</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 136</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,094</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,205</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,145</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 740,996</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,718</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 742,714</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,274</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,323</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,113)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,750)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,750)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liquidity operations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,473)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,308</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,806</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,894</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 544</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,179</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,472)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,365</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34,849)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,348</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,501)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,542,701)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(457,611)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(252,011)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(348,219)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(20)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(33)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(252,030)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(99,991)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,952,616)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(100,484)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,053,100)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,044,084</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>942,241</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>649,746</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>521,110</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>807</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>136</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,127</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>190,077</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(69,692)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9,295,636</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>400,069</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9,695,705</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total credit impairment charges, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> (</i>1,797,848)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (367,781)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (55,985)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (127,839)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (164)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (423)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (25)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (52,294)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 871</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,401,488)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (329,664)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,731,152)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,246,236</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>574,460</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>593,761</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>393,271</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>643</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(287)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>17,102</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>137,783</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(68,821)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,894,148</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>70,405</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,964,553</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues (Expenses) from transactions with other operating segments of the Bank</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (65,915)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20,600)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,054)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 701</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (22,893)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,891</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 38,677</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99,914</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (39,721)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total fees and commission income, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,269,298</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 180,286</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 158,262</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 58,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 238,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,821</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 80,060</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,502</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,724</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,046,443</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 272,521</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,318,964</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 603,860</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,828</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,302</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55,942</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,500</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,285</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,923)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,961</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 874,978</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,576,733</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (89,610)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,487,123</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received, and share of profits of equity method investees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (264,715)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,692</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 711</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 779</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,873</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 202,062</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,567</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (269,096)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (175,595)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (451,722)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 628,414</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 176,692</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,788,764</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>757,666</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>750,982</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>509,438</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>246,868</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>236,772</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>158,483</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,064</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>604,565</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,065,602</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>881,730</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,947,332</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,150,984)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (589,535)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (390,309)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (323,001)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87,951)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,662)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (110,317)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (60,688)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (400,243)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,139,690)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (321,551)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,461,241)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment, depreciation and amortization</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (147,261)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (62,459)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (50,323)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (112,429)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (612)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,980)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (972)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (137,672)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (513,801)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,008)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (517,809)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,298,245)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(651,994)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(440,632)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(435,430)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(88,563)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(26,755)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(112,297)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(61,660)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(537,915)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,653,491)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(325,559)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,979,050)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Profit before tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,490,519</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>105,672</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>310,350</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>74,008</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>158,305</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>210,017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>46,186</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(49,596)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>66,650</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,412,111</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>556,171</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,968,282</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><i>&#160; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></i></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="12"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> banking</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Off shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total before</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Adjustments for</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> consolidation<sup style="font-style:normal">(1)</sup></b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 6%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total after</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> eliminations</b></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="12"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total interest and valuation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,992,368</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,119,540</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>728,582</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>626</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>287</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,157</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>291,249</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>112,858</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,266,667</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,977</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,269,644</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest income on loans and financial leases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,785,739</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,041,780</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 706,582</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 310,077</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 109,062</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,953,240</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,953,240</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total Debt investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 249,459</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 64,466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,747</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 185</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,502</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,425</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,070</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,070</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50,362</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,704</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,161</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,392)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,835</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,835</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total liquidity operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93,192)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,590</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,253</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 441</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 997</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (7,938)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,371</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (84,478)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,977</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (81,501)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #2f75b5; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(3,192,822)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(363,373)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(187,743)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(367)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(236)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(652)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(215,592)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(77,156)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,037,941)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,037,941)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,799,546</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>756,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>540,839</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>259</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>51</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,505</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>75,657</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>35,702</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,228,726</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,977</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,231,703</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total credit impairment charges, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,509,519)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (82,344)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,933)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,204)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 127</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (177)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (49,830)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,219)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,675,099)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,675,101)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,290,027</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 673,823</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 513,906</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,945)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 178</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,328</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25,827</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,483</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,553,627</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,975</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,556,602</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues (Expenses) from transactions with other operating segments of the Bank</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (68,915)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,098)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,475)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,833)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,355</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,734</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95,495</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,263)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Total fees and commission income, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,347,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 136,372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 140,398</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 218,190</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,327</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 78,124</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,325</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,334</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,993,069</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (25)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,993,044</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 483,556</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 104,448</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,507</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,080</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,325)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,281</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 772,959</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,389,530</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,828)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,372,702</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received, and share of profits of equity method investees</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (40,115)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 69,127</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,716</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,573</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,018</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,473)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141,261)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (159,583)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (217,998)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 429,572</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 211,574</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,012,552</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>977,672</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>647,569</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>223,492</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>73,958</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>122,388</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>28,667</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>631,930</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,718,228</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>415,694</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>9,133,922</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,836,019)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (606,582)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (330,362)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (85,918)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (22,635)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (111,255)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (73,425)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (354,811)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,421,007)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,421,002)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment, depreciation and amortization<sup style="font-style:normal">(3)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (247,446)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (49,590)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (27,761)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (466)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,274)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (17,254)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (133,401)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (477,285)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (477,285)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,083,465)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(656,172)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(358,123)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(86,384)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(22,728)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(112,529)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(90,679)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(488,212)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,898,292)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(5,898,287)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2017<sup style="font-style:normal">(1)</sup></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> banking</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments in associates and joint ventures</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 284,516</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,888</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 208,963</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 361,079</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 433,800</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,298,246</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity method</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34,425</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 702</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26,128</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,923)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,922</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60,254</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>&#160;</i> &#160; <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2016, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</i></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents material non-cash items other than depreciation and amortization by segment:</div> <div style="CLEAR:both; 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WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Panam&#225;</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> El</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></div> </td> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24,030</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 250,138</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Panam&#225;</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Brokerage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Off</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="11"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Restructured loans that were transferred to foreclosed assets</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 130,892</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,484</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95,891</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97,452</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 404,185</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Provisions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,130,261</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 381,531</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 104,864</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 127,370</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 164</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 423</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (34)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 48,977</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,565</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,799,121</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>For the year ended December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking El</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Salvador</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Trust</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Off shore</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>All other</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> segments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Restructured loans that were transferred to foreclosed assets</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97,456</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 65,037</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,241</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 67,347</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,536</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>As of December 31,</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Geographic</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> information</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> valuation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Long-lived</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> assets<sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> valuation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Long-lived</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> assets <sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest and</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> valuation</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 27%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Colombia</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13,108,005</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,353,782</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,695,937</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,180,137</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,335,345</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Panama</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,986,741</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 297,832</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,898,058</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 414,451</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,470,692</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Puerto Rico</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,556</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 56,519</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 551</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 43,672</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Peru<sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 658</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 115,840</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,753</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 112,209</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,810</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>El Salvador</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 883,538</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 280,562</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 902,371</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 397,065</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 729,258</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Costa Rica</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 80</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Guatemala</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 866,049</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 166,662</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 870,283</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 259,072</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,913,547</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,215,146</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,438,921</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,363,584</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,598,777</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Eliminations and translation adjustment</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (220,667)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,999,471</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 309,884</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,075,268</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (329,133)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,692,880</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,214,617</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,748,805</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,438,852</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,269,644</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Included foreclosed assets presented within other assets in the statement of financial position, premises and equipment, Investment property and goodwill.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Investments in FiduPer&#250;, Arrendamiento Operativo CIB S.A.C. and Capital Investment Safi S.A. are classified as Asset held for sale in Statement of Financial Position. For further information, see Note 12 Assets held for sale and inventories<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Real estate broker <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For purposes of the consolidated statement of cash flow and the consolidated statement of financial position, the following assets are considered as cash and cash equivalents:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 68%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash and balances at central bank</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Cash</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,099,252</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,501,532</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Due from central banks <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,567,030</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,503,911</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Due from other private financial entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,541,644</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,908,886</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Checks on hold</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 141,370</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 102,525</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Remittances of domestic negotiated checks in transit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 173,827</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 200,053</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total cash and due from banks</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15,523,123</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,216,907</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Money market transactions:</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank assets</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,761,460</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,606,506</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Reverse repurchase agreements and other similar secured loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 881,061</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,636,832</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total money market transactions:</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,642,521</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,243,338</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total cash and cash equivalents</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>18,165,644</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,460,245</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> (1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;</sup> According to External Resolution Number 005 of 2008 issued by the Colombian Central Bank, the Parent Company must maintain the equivalent of 4.50% of its customer&#8217;s deposits with a maturity term less than 18 months as a legal banking reserve, represented in deposits at the Central Bank or as cash in hand. In addition, according to Resolusion Number 177 of 2002 issued by the Guatemalian Monetary Board, Grupo Agromercantil Holding trhough its subsidiaria Banco Agromercantil de Guatemala must maintain the equivalent of 14.60% of its customer&#8217;s deposits dayly balances as a legal banking reserve, represented in unrestricted deposits at the Bank of Guatemala. For its part, according to the norm of the banks Number 3-06 of 2000 issued by the Financial System Superintendency of El Salvador, Banco Agr&#237;cola must mantain an equivalent amount between 1.00% and 25.00% of its deposits and debt securities in issue average dayly balances as a liquidity reserve, represented in unrestricted deposits or debt securities issued by El Salvador Central Bank. Finally, according to Agreement 004 of 2008 issued by the Banks Superintendency of Panama, Bancolombia Panam&#225; S.A. and Banistmo S.A., must mantain the equivalent of 30.00% of their deposits with a maturity term less than 180 days as a liquidity reserve, represented in liquid assets as deposit accounts, interbank borrowings, sovereign bonds, among others.</i></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Real estate broker Real estate broker <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">The detail of the carrying value of the debt securities is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Measurement methodology</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value through</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> profit or loss</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amortized cost</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,003,147</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,016,112</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,471,994</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,050,855</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,522,849</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 36,038</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,926,554</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,962,592</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,052,776</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,431</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,278,207</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate Bonds <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 137,900</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 941,763</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,079,663</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,701,855</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,157,568</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,517,830</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total financial assets invesments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,377,253</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Debt securities classified as Corporate Bonds, increased by 104.75% between December 31, 2017 and 2016 due to the purchase of Alternegy S.A. bonds by Banistmo on December 21 of 2017, which have a carrying value of COP 446,047. 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BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Measurement methodology</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value through</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> profit or loss</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amortized cost</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by the Colombian Government</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,904,152</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,904,152</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,904</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,532,784</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,544,688</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 111,946</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,937</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 527,883</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,388,172</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total financial assets invesments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,060,653</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Real estate broker Real estate broker Portfolio holder Real estate broker Holding Banking Leasing Credit card services <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following tables set forth the debt securities portfolio by maturity:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Less than 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Greater</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>than 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at fair value through profit or loss</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,163,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,299,116</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,164,689</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 375,660</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,003,147</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 962,640</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 408,586</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 736,105</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 364,663</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,471,994</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,134</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,946</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,133</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 36,038</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 157,434</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 250,395</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 143,353</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 501,594</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,052,776</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,255</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,027</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,419</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 65,199</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 137,900</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,330,145</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,988,949</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,072,512</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,310,249</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>10,701,855</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at amortized cost</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by&#160;&#160;the Colombia Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,965</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 241,944</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 184,454</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,229</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209,228</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,050,855</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,909,363</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,191</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,926,554</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 117,075</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,166</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,190</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,431</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26,668</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,945</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 148,684</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 750,466</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 941,763</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,295,050</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>298,721</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>604,103</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>959,694</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,157,568</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>5,625,195</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,287,670</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,676,615</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,269,943</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Less than 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 1</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Between 3</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Greater</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>than 5</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at fair value through profit or loss</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,719,326</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,883,790</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 981,208</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 319,828</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,904,152</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 925,499</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 532,628</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,947</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 778,118</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,429,192</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 77</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,704</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,193</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,930</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,904</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 172,571</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 135,157</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 87,153</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 685,487</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,080,368</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,818</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,069</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,968</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 72,091</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 111,946</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,833,291</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,562,348</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,282,469</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,859,454</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,537,562</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities at amortized cost</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 103,889</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 105,032</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 507,817</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 267,937</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 984,675</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,523,571</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,213</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,532,784</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 57,623</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 113,150</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30,750</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 201,523</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 70,464</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 345,473</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,937</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,685,083</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>297,859</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>507,817</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>644,160</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,134,919</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,518,374</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,860,207</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,790,286</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,503,614</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,672,481<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left"> <div>&#160;</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table shows the fair value of equity securities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Equity securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying amount</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total of securities at fair value through profit or loss</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 988,455</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 895,425</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total of securities at fair value through OCI</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 529,375</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 492,747</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,517,830</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,388,172</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Securities brokerage <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table details the equity instruments designated at fair value through other comprehensive income analyzed by listing status:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Equity securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying amount</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; 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VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 447,431</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 464,536</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total equity securities at fair value through OCI</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>529,375</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>492,747</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -9pt; MARGIN: 0px 0px 0px 9pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><sup style="font-style:normal">(<i>1)</i></sup></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Equity securities measured at fair value through other comprenhensive income (OCI) and listed in Colombia, increased between December 31, 2017 and 2016 due to the merger between Bolsa de Valores de Colombia (listed company) and Deceval (unlisted). The new investment in Bolsa de Valores de Colombia is classified as listed in Colombia.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Investments <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The detail of the securities pledged as collateral as of December 31, 2017 and 2016 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 47%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Pledged financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Term</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Security pledged</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in repo operations</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater twelve months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,744,736</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between six and twelve months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 877,673</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in repo operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,622,409</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in derivative operations</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater twelve months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 78,688</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between six and twelve months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES - Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,247</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in derivative operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>118,935</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total securities pledged as collateral</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,741,344</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -35.45pt; MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 47%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Pledged financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Term</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Security pledged</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in repo operations</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 783,688</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 3 and 6 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63,102</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 6 and 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,212</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Less than 3 months</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,648</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in repo operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>918,650</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investments pledged as collateral in derivative operations</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Greater 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 147,221</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 3 and 6 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">TES- Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 22,037</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Between 6 and 12 months</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,263</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued by the Colombian Government</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Less than 3 months</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> TES-Fixed rate</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 47,285</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal investments pledged as collateral in derivative operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>218,806</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total securities pledged as collateral</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,137,456</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Administers investment funds <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth for the Bank&#8217;s derivatives by type of risk as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Forwards</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: left; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 172,310</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 313,566</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,425</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>172,682</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>316,991</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (142,976)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (323,923)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,470)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,110)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(147,446)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(327,033)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>25,236</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(10,042)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Swaps</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 672,558</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,127,474</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 274,137</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 186,208</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>946,695</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>1,313,682</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (505,823)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (749,082)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (275,641)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (192,344)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(781,464)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(941,426)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>165,231</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>372,256</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Options</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,995</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 47,297</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>14,995</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>47,297</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,943)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (42,961)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(16,943)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(42,961)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,948)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #2f75b5; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>4,336</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Futures</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,030)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,030)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>1,134,372</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>1,677,970</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(945,853)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,312,450)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>188,519</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>365,520</strong></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below present the notional amounts of the derivatives contracts as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Forwards</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11,618,005</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,466,226</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,010,557</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 696,348</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>12,628,562</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>15,162,574</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,276,967)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (13,637,335)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,796,020)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (676,226)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(12,072,987)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(14,313,561)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>555,575</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>849,013</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Swaps</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,188,880</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,021,266</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,315,701</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,109,435</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>22,504,581</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>21,130,701</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,163,466)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,614,135)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,850,149)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (13,249,703)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(20,013,615)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(16,863,838)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>2,490,966</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>4,266,863</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Options</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 697,346</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,186,605</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>697,346</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,186,605</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (682,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,171,719)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(682,197)</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>(1,171,719)</strong></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>15,149</strong></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>14,886</strong></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Futures</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,772,283</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,078,756</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 175,500</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 316,000</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,947,783</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,394,756</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (117,235)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 9.05pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Subtotal Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(117,235)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,947,783</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,277,521</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>39,778,272</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40,874,636</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(32,768,799)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(32,466,353)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>7,009,473</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,408,283</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Operating leasing <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the remaining contractual life of the derivative portfolio:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Futures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>172,682</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>946,695</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,995</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,134,372</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 170,299</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 240,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,229</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 425,218</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,383</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 339,934</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 766</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 343,083</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,071</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 366,071</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(147,446)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(781,464)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(945,853)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141,326)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (135,749)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,836)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (292,911)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,120)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (321,708)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,107)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (328,935)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (324,007)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (324,007)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>25,236</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>165,231</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,948)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>188,519</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Futures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>316,991</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,313,682</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>47,297</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,677,970</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 309,036</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 490,848</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 44,478</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 844,362</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,900</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 444,120</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,819</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 454,839</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 378,714</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 378,769</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(327,033)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(941,426)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(42,961)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,030)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,312,450)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Up to 1 year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (311,382)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (167,025)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (40,686)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (520,123)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>From 1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (15,623)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (431,814)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,275)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (449,712)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (28)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (342,587)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (342,615)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(10,042)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>372,256</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,336</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,030)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>365,520</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below presents the cash collateral amounts posted under derivatives contracts as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Collateral</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 264,700</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 343,334</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Operating leasing <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The notional amount and the fair value of those instruments are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;<font style="COLOR: #0075c0">In millions of COP</font></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Notional amount&#160;&#160;</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 304,159</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 305,862</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Fair value</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,769)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,170)</font></div> </td> </tr> </table> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;<font style="COLOR: #0075c0">In thousands of USD</font></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Notional amount&#160;&#160;</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,930</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,930</font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;<font style="COLOR: #0075c0">In millions of COP</font></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 340,511</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In thousands of USD</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Notional amount&#160;&#160;</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,930</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,930</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Fair value</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 114,353</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;113,477</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Trust Trust <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below presents derivative instruments subject to enforceable master netting agreements and other similar agreements but not offset in the statement of financial position as of December 31, 2017 and 2016 by derivative and by risk:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives Liabilities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Over-the-counter</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Foreign exchange contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Swaps</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 672,558</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (505,823)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Forwards</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 172,310</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (142,976)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Options</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,995</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (16,943)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Interest rate contracts</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.05pt; PADDING-LEFT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Swaps</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 274,137</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (275,641)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity contracts</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.7pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Forwards</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 372</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,470)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Gross derivative assets/liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,134,372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(945,853)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Offsetting of derivatives</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments in statement of financial position</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,134,372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(945,853)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Master netting agreements</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (894,863)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 945,853</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash collateral received/paid</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (239,509)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total derivative financial instruments assetss/ liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivatives Liabilities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Over-the-counter</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Foreign exchange contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Swaps</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,127,474</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (749,082)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 186,208</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (192,344)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity contracts</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.7pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Forwards</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,425</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,110)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 0.7pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Futures</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Gross derivative assets/liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,677,970</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,312,450)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Offsetting of derivatives</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments in statement of financial position</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,677,970</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,312,450)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Master netting agreements</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,221,565)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,312,450</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash collateral received/paid</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (343,334)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total derivative financial instruments assetss/ liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>113,071</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><font color="#000000">&#160;</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Leasing <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following is the composition of the loans and financial leasing operations portfolio as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 64%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Composition</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 18%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 88,997,241</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 86,259,708</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,646,114</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 23,925,279</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,512,208</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,155,852</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 22,248,951</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,343,923</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Small Business Loans</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,063,580</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,062,724</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total gross loans and Financial Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>160,468,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>151,747,486</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total allowance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(8,223,103)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(6,621,911)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Net Loans and financial leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>152,244,991</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>145,125,575</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Includes loans to financial institutions amounting to COP 7,862,401 and COP 6,217,825 as of December 31, 2017 and December 31, 2016, respectively.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Outsourcing <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the changes in the allowance for loans and advances and lease losses as of December 31, 2017, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Financial</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Small</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>business</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>loans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+Balance at beginning of period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,499,791</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,791,123</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 653,936</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 567,046</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 110,015</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,621,911</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+ Provisions for loan losses <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,594,310</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,310,518</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 284,392</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 276,687</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 119,690</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,585,597</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Charges-off</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (792,145)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,302,630)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (37,677)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (77,762)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (65,086)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,275,300)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Recoveries <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,783,649)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (510,684)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (253,578)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (133,986)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,141)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,706,038)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+/- Translation adjustment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,127)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,502</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,972)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (583)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 113</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,067)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;= Balance at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>4,514,180</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,291,829</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>645,101</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>631,402</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>140,591</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,223,103</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The provision for loan losses, net COP 3,879,559 differs from the COP 3,468,699 presents in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 410,860 due to the recovery of charged-off loans.</i></div> </td> </tr> </table> &#160;&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Financial</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Small</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>business</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>loans</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+Balance at beginning of period</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,694,965</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,321,281</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 572,772</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 579,151</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 80,586</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,248,755</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>+Allowance for loan of PA Leasing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,825</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+ Provisions for loan losses <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,684,559</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,922,315</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,291</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 221,694</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 95,272</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,149,131</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Charges-off</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (489,573)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (902,400)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (24,619)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (74,900)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (41,710)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,533,202)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;- Recoveries <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,379,288)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (525,510)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (109,912)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (180,537)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (23,645)</font></div> </td> <td style="TEXT-ALIGN: right; 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BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Financial</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Small</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>business</b></font><br/> <font style="COLOR: black; 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FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 415,766</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 76,560</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,789,257</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>- Discontinued operations<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (282,098)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (282,098)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>&#160;+ Provisions for loan losses <sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; 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In October 2016, this sale was completed.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The provision for loan losses, net COP 1,884,859 differs from the COP 1,667,680 presented in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income in the amount of COP 217,179 due to the recovery of charged-off loans.</i></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The changes in the allowance for loan losses for Tuya as of December 31, 2015 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 73%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Concept</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 27%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;+Balance at beginning of period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 282,098</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;+ Provisions for loan losses <sup style="font-style:normal"> (*)</sup></i></font></div> </td> <td style="white-space:nowrap; 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets the unsecured residual values by type of asset as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of asset</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(*)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The unsecured residual value is the part of the residual value of the leased asset, whose realization is not secured or is secured by a third party related to the lessor.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents the information of minimum payments by lease to be received:&#160;</div> <div style="CLEAR:both; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b><i> Period</i></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Gross investment in finance lease</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> receivable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> minimum payments</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Within 1 year</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 759,852</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 526,604</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 1 year, but less than 5 years</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,842,992</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,188,894</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 5 years</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 22,212,438</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,533,453</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Total gross investment in finance lease receivable/ present value of minimum payments</i></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,815,282</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>22,248,951</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Future financial income <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,566,331)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Present value of payments receivable</i></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>22,248,951</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>22,248,951</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Minimum non-collectable payments impairment</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (447,361)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (447,361)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,801,590</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,801,590</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Future financial income: Total Gross Investment - Total Present Value of minimum payments</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Gross investment in finance lease</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> receivable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Present value of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> minimum payments</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Within 1 year</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 835,177</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 570,504</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 1 year, but less than 5 years</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,597,818</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,667,322</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Over 5 years</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,699,269</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,106,097</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total gross investment in finance lease receivable/ present value of minimum payments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>30,132,264</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,343,923</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Future financial income <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (8,788,341)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Present value of payments receivable</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,343,923</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,343,923</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Minimum non-collectable payments impairment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (518,992)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (518,992)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,824,931</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>20,824,931</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Future financial income: Total Gross Investment - Total Present Value of minimum payments</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Operating Leasing Insurance company <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents information regarding the Bank&#8217;s investments in associates and joint ventures:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Composition</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments in associates <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,327,610</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 940,364</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments in Joint ventures</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 237,449</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 357,882</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 and 2016, the amount includes investments in associates at fair value for COP 757,886 and COP 434,318, respectively and investments in associates at&#160;equity&#160;value COP 569,724&#160;and&#160;COP 506,046 respectively. See note 29 Fair value of assets and liabilities.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Services <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following are the investments in associates that the Bank holds as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="9"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investments in Associates</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>% of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Ownership</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> interest</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Included in</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> earnings <sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total OCI <sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>OCI (Equity</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> method) <sup style="font-style:normal">(3)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> PA Viva Malls</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Development and operation of commercial spaces</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 49.00% <sup style="font-style:normal">(5)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 144,146</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 757,886</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; 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PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,465</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,236</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 471,312</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Titularizadora Colombiana S.A. Hitos*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mortgage portfolio securities</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26.98%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,305</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,389)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (768)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,346</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Redeban Multicolor S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Network data transmission services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20.36%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,906</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (651)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,951</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Internacional Ejecutiva de Aviaci&#243;n S.A.S. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Aircraft and aircraft travel</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33.33%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,071</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,707</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Concesiones CCFC S.A.</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Construction of public works through an awarding system</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25.50%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,756</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (756)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,383</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH Colombia S.A.&#160;*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19.94%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,109</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (952)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,338</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Reintegra S.A.S. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collections and recovery of portfolio</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,471</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,742</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,754)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,155</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Custodial services and transfer of monetary types</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 418</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (727)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 238</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 153</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,219</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios Financieros, S.A. de C.V. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Processing of financial transactions and electronic payment methods</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.72%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (226)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,302</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH de El Salvador, S. A. de C.V. *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 123</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,011</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panamerican Pharmaceutical Holding Inc<sup style="font-style:normal">.(6)</sup> *</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advisory services, consultation, representation, agent for individuals or company</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,171)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,417)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 196</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (67)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Avefarma S.A.S<sup style="font-style:normal">(6)</sup>*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacture and distribution of glass packing for pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,307</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,704)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,831)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Glassfarma Tech S.A.S <sup style="font-style:normal">(6)</sup> &#160;*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacturing, elaboration and commercialization of packages and pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (458)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 127</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 139</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="4"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in associates</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>239,333</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(3,038)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(11,547)<sup style="font-style:normal">(7)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>80</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,327,610</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i><sup style="font-style:normal"> </sup></i>&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the accumulated other comprehensive income as of December 31, 2017<sup style="font-style:normal">.</sup></i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2017.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 the increses of ownership interest is related to capital contributions during the year 2017</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(6)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 the Bank classified the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc as "assets held for sale", due to the fact that the management has currently been implementing a plan to sell these assets. See note 12 assets held for sale and inventories.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(7)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>See Consolidated Statement of Comprehensive income.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> (*)</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the purposes of applying the equity method of accounting, financial statements at November 30, 2017 have been used, except for Redeban Multicolor S.A., for which we use the financial statements ended at October 31, 2017. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2017.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="9"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investments in Associates</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; 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BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30.68%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388,595</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Titularizadora Colombiana S.A. Hitos*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mortgage portfolio securities</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26.98%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,619</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (621)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 11</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,930</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Redeban Multicolor S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Network data transmission services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20.36%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 319</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (651)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (49)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,006</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Avefarma S.A.S*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacture and distribution of glass packing for pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,378)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (873)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,202)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 12,079</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panamerican Pharmaceutical Holding Inc.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advisory services, consultation, representation, agent for individuals or company</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,196)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,613)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,863)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,934</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,820</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Internacional Ejecutiva de Aviaci&#243;n S.A.S.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>A<font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ircraft and aircraft travel</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33.33%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,038</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 209</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,636</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Reintegra S.A.S.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collections and recovery of portfolio</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,309)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,496</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 805</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,604</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH Colombia S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19.94%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,129</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (952)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (878)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,223</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Concesiones CCFC S.A.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Construction of public works through an awarding system</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25.50%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,606</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (753)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,742</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Custodial services and transfer of monetary types</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 436</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (965)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 957</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,448</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios Financieros, S.A. de C.V.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Processing of financial transactions and electronic payment methods</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46.72%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 56</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (93)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,550</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Glassfarma Tech S.A.S*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Manufacturing, elaboration and commercialization of packages and pharmaceutical products</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 425</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (12)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (348)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,522</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> ACH de El Salvador, S. A. de C.V.*</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Electronic transfer services</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> El Salvador</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24.40%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 210</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (58)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 891</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Multiactivos S.A. <sup style="font-style:normal"> (6)</sup></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securitization of non-mortgage assets</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 183</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 70</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Concesiones Urbanas S.A. (winding up) <sup style="font-style:normal">(7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Construction of civil engineering projects</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (141)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="4"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in associates</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>64,301</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>8,509</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,718)<sup style="font-style:normal">(8)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,029</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>940,364</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="left">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2016. See note 24.5 Dividends received, and share of profits of equity method investees</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the accumulated other comprehensive income as of December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>PA Viva Malls, an investment in an associate of Fondo inmobiliario Colombia Inmobiliario which contributed COP 388,595 in December 2016 to participate in 49% of the company. In partnership with Grupo &#201;xito, which owns 51%, the company's corporate purpose will be the development and management of real estate.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(6)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On October 19, 2016 Multiactivos S.A was wound up.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(7)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On November 23, 2016 Concesiones Urbanas S.A was wound up.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(8)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>See Consolidated Statement of Comprehensive income</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> (*)</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the purposes of applying the equity method of accounting, financial statements at November 30, 2016 have been used, due to the fact that no more recent financial information was available. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2016.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Maintenance and remodelling services <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is additional information regarding the Bank&#8217;s most significant associates as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income from</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> ordinary</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> activities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profits (loss)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Dividends</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>PA Viva Malls<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,262,837</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,499</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 380,612</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 235,647</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,278</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Protecci&#243;n S.A.<sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,125,552</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 663,326</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; 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Hitos</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 614,032</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 487,073</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 35,714</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,161</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,121</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income from</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> ordinary</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> activities</b></font></div> </td> <td style="white-space:nowrap; 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Hitos</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 500,950</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 371,827</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34,185</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,019</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,873</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The difference between the net assets of P.A. 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represents the goodwill recognized by the Bank amounting to COP 170,434.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following are the Joint ventures that the Bank holds as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -7.1pt; MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -7.1pt; MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -7.1pt; MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>% of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Ownership</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> interest</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Included<br/> in<br/> earnings</b></div> <div style="CLEAR:both;MARGIN: 0px; 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BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 225,548</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Puntos Colombia S.A.S <sup style="font-style:normal"> (5)</sup></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Administration of the&#160;&#160;customers loyalty</font></div> </td> <td style="TEXT-ALIGN: center; 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PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50.00%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,663</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,688</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,385)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in joint ventures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,269</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>237,449</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. 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MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 33%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Main activity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 10%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>% of</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Ownership</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> interest</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Included<br/> in<br/> earnings</b></div> <div style="CLEAR:both;MARGIN: 0px; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 778</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 13</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,976</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,026</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net investments in joint ventures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(4,047)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2016. See note 24.5 Dividends received, and share of profits of equity method investees</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the accumulated other comprehensive income as of December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2016.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(4)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On October 30, 2016 the Bank sold 50% of Compa&#241;&#237;a de Financiemiento TUYA S.A. The table above presents the recognition of the Equity Method after loss of control. The difference between the net assets of Tuya multiplied by the Bank&#8217;s percentage of ownership which amounted to COP 22,550 for the year ended at December 31, 2017 and the carrying amount of the Bank&#8217;s interest in the associate, represents the goodwill recognized by the Bank amounting to COP 275,930.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(5)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>In June 2016. Joint venture with First Data was created with the purpose of generating an alliance that promotes the business of using credit and debit cards in commercial establishments.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Loans formalization <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following is complementary information regarding the Bank&#8217;s most significant joint ventures as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; 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BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income from</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> ordinary activities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profits (loss)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Dividends</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millons of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Compa&#241;&#237;a de financiamiento TUYA S.A.</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,571,106</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,293,239</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,344,712</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Company Name</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income from</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> ordinary activities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Profits (loss)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Dividends</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millons of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Compa&#241;&#237;a de financiamiento TUYA S.A.</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Maintenance services Advertising and marketing Banking Banking <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 24pt"> <div><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>11.1.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Components recognized in the Income Statement for the period:</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Current tax</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Fiscal year</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,041,454</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 813,355</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 346,556</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Previous fiscal years</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,967</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,519</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,159</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total current tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,045,421</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>815,874</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>352,715</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Fiscal year</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 193,177</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 360,958</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 296,535</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>193,177</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>360,958</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>296,535</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,238,598</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,176,832</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>649,250</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Banking Investments <div style="MARGIN: 0pt 0px; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount before</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> taxes</b></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,725)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 28</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net profit (loss) by financial instruments measured at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,095</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,789</font></div> </td> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount before</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> taxes</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses or</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (income) per tax</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net taxes</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Remeasurement loss related to defined benefit liability</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 626</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,966)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,340)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net profit (loss) by financial instruments measured at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 208,276</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 24,341</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 232,617</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>208,902</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,375</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>222,277</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>See Other Comprehensive Income</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Amount before</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> taxes</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses or</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> (income) per tax</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net taxes</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Remeasurement loss related to defined benefit liability</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (59,434)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,312</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (50,122)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net profit (loss) by financial instruments measured at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 128,271</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,052</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 137,323</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>68,837</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>18,364</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>87,201</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>See Other Comprehensive Income<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Income tax and the income tax for equality (CREE) were applied at the following rates for 2016 and 2017 in accordance with Law No. 1739 of 2014 and Law No. 1819 of 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 50%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> CREE</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 0%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9%</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Surcharge</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5%</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>40%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>39%</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Companies domiciled in other countries</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 45%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2018</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 7%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2019</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>As from 2020</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from Peru</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 28%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29.5%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from Panama</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from El Salvador</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Companies from Guatemala</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Income</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 25%</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Investments <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>11.3.2.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Amount of temporary differences in subsidiaries, branches, associates on which no charged deferred tax has been recognized</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Temporary differences</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Local Subsidiaries</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(1,043,724)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (234,975)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign Subsidiaries</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(4,533,672)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,547,623)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The net deferred tax assets and liabilities by company disclosed in the Statement of Financial:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Company</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>liability</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>liability</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Arrendadora Financiera S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 299</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>-&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Arrendamiento Operativo CIB S.A.C.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 370</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Bagr&#237;cola Costa Rica S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 56</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Grupo Agromercantil Holding</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (29,924)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (38,622)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Banca de Inversi&#243;n Bancolombia S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (26,432)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (99,504)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Banco Agr&#237;cola S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 46,328</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 43,594</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Bancolombia S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,368,062)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,152,726)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Banistmo S.A. y Filiales</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 96,533</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 166,421</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>BIBA Inmobiliaria S.A.S.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Fideicomiso &#8220;Lote Abelardo Castro&#8221;</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (188)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (171)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Fiduciaria Bancolombia S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,808</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,483</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>FiduPer&#250; S.A Sociedad Fiduciaria</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 165</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Inversiones CFNS S.A.S.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (700)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,042)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Renting Colombia S.A.S.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (5,466)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (19,753)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Transportempo S.A.S</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 509</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 285</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Valores Banagricola S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Valores Bancolombia S.A.</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,071</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,476</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Valores Simesa S.A.</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (9,421)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>With effects on the</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> statement of income</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>and Foreign</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> currency translation</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> adjustments</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>With OCI</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> effects</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Eliminations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Reclassifications</b></font></div> </td> <td style="white-space:nowrap; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax asset:</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Premises and equipment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 19,721</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,258</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,153</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee benefits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 152,070</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,252</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18,706</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 161,524</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Municipal tax liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,385</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,385</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment evaluation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 252,181</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 285,854</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 238,583</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 204,910</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Offset of tax credits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 31,394</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 200</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 37,269</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,463</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial obligations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59,967</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,176</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,072</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 51,863</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investment valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,846</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,846</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 81</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 81</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreclosed Assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 118.894</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 119,177</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 283</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other deductions</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 71.792</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 37,179</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 16,613</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 51,226</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>729,250</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>491,327</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>321,297</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>559,220</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; WIDTH: 28%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; WIDTH: 18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Realization</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax liability:</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Premises and equipment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (230,202)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,875</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33,223</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (233,550)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Leasing re-expression</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (279,733)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 175,877</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (455,610)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment evaluation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (225,635)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 221,704</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,481</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,412)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity securities valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (153,886)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 73,171</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 40,495</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (121,210)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (124,737)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,011</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (56,726)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Goodwill</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (587,094)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 20,434</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,228</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (758,888)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreclosed Assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (25,160)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,733</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,082</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (47,509)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other deductions</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (138,235)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63,114</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 29,549</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (104,670)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax liability</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,764,682)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>483,042</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax asset</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investment hedge in foreign operations</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> -</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,895</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,895</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax asset</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>28,624</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;1,958</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,979</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>43,645</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Realization</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deferred tax liability</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Employee benefits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 150</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 4,551</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,401)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (39)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 39</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 41</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (41)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investment valuation</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(95,645)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,793</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(105,432)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total deferred tax liability</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(95,684)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>195</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,385</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(109,874)</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>11.3.6.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Conciliation of the effective tax rate</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 58%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Conciliation of the tax rate</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31,</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Accounting earnings</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,992,771</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,968,282</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>3,235,635</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax applicable to the nominal rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,597,108</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,587,313</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,261,898</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Non-deductible expenses for determining taxable profit (loss)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 356,350</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 255,435</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 290,291</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Accounting and not fiscal expenses (income) for determining taxable profit (loss)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (179,605)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (217,056)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (822,513)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Differences in tax bases</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 341,828</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (348,985)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (149,502)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax and not accounting expenses (income) for determining taxable profit (loss)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (23,844)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 23,381</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 352,543</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Revenues from ordinary activities exempt from taxation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (181,406)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (121,917)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (172,466)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income from ordinary activities not constituting income or occasional earnings from taxation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (130,272)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (111,027)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (66,459)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other fiscal deductions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (184,620)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (107,083)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (168.970)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Repayments on commercial credit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (233,004)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Surplus of tax depreciation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (177,936)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (20,323)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,083)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign profits taxed at other rates</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (218,785)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 72,144</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99,398</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other effects of the tax rate from reconciling accounting earnings and tax expenses (income)</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 272,784</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 164,950</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 27,113</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total Tax</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,238,598</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,176,832</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>649,250</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Discontinued operations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 62%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Earnings before taxes</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>266,072</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>21,446</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total income and CREE taxes</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,961)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 21,635</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total deferred tax</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (99,614)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (22,702)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is the detail of the Tax loss carryforward and excesses of presumptive income on net income in the group entities, which have not been used up to December 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 85%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Base</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Tax deferred asset recognized</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;207,395</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68,463</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The breakdown of inventories and assets held for sale of the Bank is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Assets held for sale and inventories</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Inventories, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">164,516</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,137</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets held for sale</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">212,487</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">133,050</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total inventories and assets held for sale, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 377,003</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 273,187</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank's inventories at December 31, 2017 and 2016, are summarized as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 50%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Inventories</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 25%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Lands and buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">117,339</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">90,166</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicles</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,741</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">50,843</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Machinery</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,252</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,045</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total inventory cost</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 179,332</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 152,054</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(14,816)</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(11,917)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total inventories, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 164,516</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 140,137</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The breakdown of the major classes of assets and liabilities classified&#160;as held for sale is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 74%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 26%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millons of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Cash and cash equivalents</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 19,072</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial assets investment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,486</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Premises and equipment, net</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 109,469</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Prepaid expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 101</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax receivables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,028</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deferred tax</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,103</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Assets held for sale</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,691</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other assets</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,368</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 157,318</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 90,109</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 611</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deferred tax liabilities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,908</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other liabilities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,348</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 102,976</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The total balance of assets held for sale, by operating segment, are detailed below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Assets held for sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>El Salvador</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Others</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Segment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Machinery and equipment</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,099</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,362</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 39</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,500</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,972</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,422</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 39</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,433</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (873)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (60)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (933)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate for residential purposes</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,346</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,257</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,586</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 665</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,854</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,431</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,859</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,645</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 885</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 24,820</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (85)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (602)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (59)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (220)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (966)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate different from residential properties</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 295</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 952</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 155</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,402</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 295</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 952</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 178</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 24</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,449</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (23)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (24)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (47)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investments held for sale</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,413</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,413</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 18,413</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 18,413</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets related to Investments held for sale</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 157,318</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 157,318</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 157,318</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 157,318</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets held for sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,740</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,571</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,586</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 859</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 175,731</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 212,487</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> &#160;</sup></i></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>In December 2017, the administration launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". According to the sales plan, the sale is expected to occur before the end of year 2018.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>2.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>These assets corresponded to Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. and FiduPer&#250; S.A. Sociedad Fiduciaria.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 34%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Colombia</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Panama</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>El Salvador</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Banking</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Guatemala</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Others</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Segment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Machinery and equipment</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,726</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,361</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 24</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,355</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,466</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,871</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,671</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 26</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,355</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 9,923</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (145)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (310)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (457)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate for residential purposes</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,862</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,036</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,096</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 677</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,671</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4,031</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 15,160</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,114</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 825</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 21,130</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (169)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (124)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (18)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (148)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (459)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Real estate different from residential properties</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 28,587</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,093</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 185</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 72,048</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 102,913</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 29,861</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,093</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 185</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 72,048</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 104,187</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Impairment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,274)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,274)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets held for sale</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 36,175</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,490</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,096</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 886</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 75,403</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 133,050</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016 the Bank&#8217;s other assets consist of:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other Assets</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Tax advance</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 480,523</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 581,152</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Marketable and non-marketable for sale assets</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 328,877</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 337,243</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Other receivables <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 291,235</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 480,255</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Prepaid expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 287,550</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 310,759</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Advances to asset purchases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 251,561</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 94,150</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Assets pledged as collateral</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 192,036</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 171,561</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Receivables related to abandoned accounts <sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 147,228</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 110,944</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank Borrowings not classified as cash equivalents</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 125,963</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 159,398</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Receivable Sales of goods and service</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 117,540</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 137,248</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commission receivables</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 97,710</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,002</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commission for letters of credit</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,927</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 94,835</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Balance in credit card clearning house</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 66,788</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 63,018</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 38,653</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 39,150</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Debtors</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10,510</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 18,911</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Taxes receivable</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,199</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,474</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest receivable</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,128</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,794</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 33,370</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 100,838</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total other assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,550,798</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,784,732</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Allowance others</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (71,761)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (33,849)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total other assets, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,479,037</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,750,883</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><sup style="font-style:normal">&#160;</sup></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(1)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>As of December 31, 2017 corresponds to conciliatory items on correspondent banks and mortgage-backed securities&#180; interest; for December 2016, mainly comprised of insurance claims and cash short and over.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The item corresponds to receivables related to the application of the Colombian Law 1777 of February 1, 2016, which establishes that entities holding accounts deemed abandoned must transfer the related amounts to a fund constituted and regulated by the Icetex (Governmental entity responsible for promoting high quality education in Colombia).</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(0,0,0); WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify"> As of December 31, 2017 and 2016 the appropriated retained earnings consist of the following: </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(0,0,0); WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify"> &#160; </div> <table style="WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; WIDTH: 1886px; LETTER-SPACING: normal; BORDER-COLLAPSE: collapse; FONT: 10pt 'Times New Roman', Times, serif; ORPHANS: 2; WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; WIDTH: 1085px; PADDING-RIGHT: 3pt; BORDER-TOP: black 1pt solid"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <b> Concept </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3pt; WIDTH: 370px; PADDING-RIGHT: 3pt; BORDER-TOP: black 1pt solid"> <div> <font style="FONT-SIZE: 10pt;"> <b> December 31, 2017 </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3pt; WIDTH: 369px; PADDING-RIGHT: 3pt; BORDER-TOP: black 1pt solid"> <div> <font style="FONT-SIZE: 10pt;"> <b> December 31, 2016 </b> </font> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; WIDTH: 33px; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div> <font style="COLOR: rgb(0,117,192); font-stretch: normal;"> <b> In millions of COP </b> </font> </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> Appropriation of net income&#160;<sup style="font-style:normal"> (1) </sup> </i> </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> 8,709,922 </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,871,092 </font> </div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> For Fiscal provisions&#160; <sup style="font-style:normal"> (3) </sup> </i> </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;196,318 </font> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;551,341 </font> </div> </td> <td style="TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> <sup style="font-style:normal"> (2) </sup> </i> </font> </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> <i> Others </i> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;138,915 </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: black; FONT-SIZE: 10pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;49,976 </font> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;"> <b> Total Appropiated reserves </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;"> <b> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;9,045,155 </b> </font> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt"> <div> <font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;"> <b> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,472,409 </b> </font> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-RIGHT: 3pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div> &#160; </div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(51,51,51); WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify"> &#160;<i> <sup style="font-style:normal"> &#160; </sup> </i> </div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"> <i> <sup style="font-style:normal"> (1) </sup> </i> </div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"> <i> The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders. </i> </div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"> <i> <sup style="font-style:normal"> (2) </sup> </i> </div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"> <i> Pursuant to Decree 2336 of 1995, a reserve was established until 2016 for profits related to the valuation of investmentes held for trading purposes by the Bank. </i> </div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"> <i> <sup style="font-style:normal"> (3) </sup> </i> </div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"> <i> Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation. </i> </div> </td> </tr> </table> </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"> <tr> <td></td> </tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The table below shows the total assets of unconsolidated structured entities in which the Bank had an interest at the reporting date and its maximum exposure to loss in relation to those interests.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 49%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Securitisations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>managed funds</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets of the entities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,110,967</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 120,320,401</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 122,431,368</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s interest-assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments at fair value through profit or loss</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 252,881</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 252,881</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments at fair value through other comprehensive income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 187,471</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 187,471</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,626,152</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,626,152</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Total assets in relation to The Bank&#8217;s interests in the unconsolidated structured entities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 440,352</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,626,152</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,066,504</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s maximum exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 440,352</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,626,152</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,066,504</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 49%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Securitisations</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>managed funds</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total assets of the entities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,621,035</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 111,580,219</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 113,201,254</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s interest-assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments at fair value through profit or loss</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 295,536</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 295,536</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments at fair value through other comprehensive income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 196,131</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 196,131</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,125,459</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,125,459</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Total assets in relation to The Bank&#8217;s interests in the unconsolidated structured entities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 491,667</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,125,459</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,617,126</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>The Bank&#8217;s maximum exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 491,667</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,125,459</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,617,126</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the detail of interest and valuation on financial asset instruments for the years ended December 31, 2017, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt investments, net</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 159,890</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 163,311</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 71,091</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net gains from investment activities at fair value through income statement</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">699,841</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">579,403</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,979</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(61,667)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(4,750)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31,835</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Spot transactions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,517</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(22,831)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(48,961)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Repos</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(116,268)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(7,638)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(50,081)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,977</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total net gains from investment activities at fair value through profit and loss</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 525,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 544,184</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 230,749</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Interest on investment securities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 685,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 707,495</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 301,840</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the detail of interest on financial liability instruments for the years ended December 31, 2017, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (4,279,316)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (3,878,528)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (2,415,187)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities in issue</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,191,000)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,335,192)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,057,748)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial borrowings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(672,472)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(723,385)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(454,326)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Preferred shares</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(58,714)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(58,714)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(58,714)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Borrowings from other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(15,860)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(6,345)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(6,836)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other interest</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(15,624)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(50,936)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(45,130)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Interest expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (6,232,986)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (6,053,100)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (4,037,941)</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the detail of fees and other services, for the years ended December 31, 2017, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Fees and other service income:</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit and debit card fees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,164,380</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,092,919</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,015,253</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Banking services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">885,512</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">816,839</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">630,616</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Bancassurance</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">408,248</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">336,692</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">260,224</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Trust</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">359,651</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,499</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">265,215</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Collections</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">228,580</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">229,940</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">203,772</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Acceptances and guarantees</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,365</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,724</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">44,539</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Checks</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">48,010</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">51,974</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,861</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Brokerage</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,618</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,431</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,453</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">416,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">383,217</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">291,624</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,586,907</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,285,235</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,790,557</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #2e74b5" align="justify"><b>Fees and other service expenses</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Banking services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(396,264)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(354,640)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(298,415)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Call center and website</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(291,602)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(260,006)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(190,110)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(394,848)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(351,625)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(308,988)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fees and commissions expenses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,082,714)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (966,271)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (797,513)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fees and commissions income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,504,193</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,318,964</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,993,044</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 32,248</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 60,254</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 122,477</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Gains (Losses) on sale of Discontinued Operations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; 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Dividends from equity investments at fair value through OCI amount COP 11,951, COP 9,317 and 9,605, respectively.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As of December 31, 2017 there is a lost in equity investments due to decrease of fair value in portfolio measured at fair value through profit or loss held by Banagricola S.A.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(3)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>For further information, see note 7 investments in associates and joint ventures</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The detail for administrative and general expenses for the years ended December 31, 2017, 2016 and 2015 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Other administrative and&#160;&#160;general expenses</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Maintenance and repairs</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 530,284</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 448,017</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 356,655</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Others fees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 427,517</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 411,521</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 256,852</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Insurance</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 303,501</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 286,384</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 244,274</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Leasing</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 244,956</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 246,445</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 218,394</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Transport</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 158,561</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 154,220</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 138,084</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Disputes, fines and sanctions <sup style="font-style:normal"> (1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 139,146</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 52,441</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 58,821</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Frauds and claims <sup style="font-style:normal"> (2)</sup></i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 134,087</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 72,860</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 81,836</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Data processing</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 130,125</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 101,347</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 46,536</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Advertising</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 127,142</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 120,046</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 113,821</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Public services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 107,727</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 114,840</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 94,295</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Cleaning and security services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 92,359</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 93,336</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 65,867</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Communications</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 67,201</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 61,943</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,003</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Contributions and affiliations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 60,320</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 59,406</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 50,709</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Properties improvements and installation</i></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 61,699</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 42,232</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Travel expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 38,037</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 37,112</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 34,998</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Production and supply cards</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 32,975</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 29,532</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 15,509</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Trust</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 25,901</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 13,176</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 10,637</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Legal and financial consultant</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 25,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 29,435</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 18,785</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Real estate management</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 21,817</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 19,262</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 18,428</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Board of directors and audit fee</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 20,450</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 20,926</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 19,223</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Donations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 17,048</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 18,338</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 13,031</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Storage services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 16,162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 14,157</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 14,918</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Activities Joint Operations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 9,650</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,805</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,988</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Public relations</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,912</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,101</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,270</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Legal expenses&#160;&#160;</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,112</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 7,232</font></div> </td> <td style="TEXT-ALIGN: right; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;Others</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 117,845</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 102,549</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 176,290</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Wealth tax, contributions and other tax burden <sup style="font-style:normal">(3)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 727,661</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 741,184</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 675,387</b></font></div> </td> </tr> </table> <div style="CLEAR:both; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 21%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; WIDTH: 21%; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>&#160;Banking Colombia</i></font></div> </td> <td style="TEXT-ALIGN: right"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">33,661</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,078</font></div> </td> <td style="TEXT-ALIGN: right; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,255</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>&#160;Banking Panam&#225;</i></font></div> </td> <td style="TEXT-ALIGN: right"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,495</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,934</font></div> </td> <td style="TEXT-ALIGN: right; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(2,303)</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>&#160;Banking El Salvador</i></font></div> </td> <td style="TEXT-ALIGN: right"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,363</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,705</font></div> </td> <td style="TEXT-ALIGN: right; 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 58%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; 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PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income from continuing operations</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,615,000</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,701,831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,496,377</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Income from operations and disposals of discontinued operations, net of taxes</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 163,497</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 22,513</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Non-controlling interests from discontinuing operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income attributable to the controlling interest</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,615,000</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,865,328</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,518,890</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Preferred dividends declared</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 370,983</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 342,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 316,548</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Less: Allocation of undistributed earnings to preferred stockholders</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 827,126</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 972,955</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 836,383</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 35.45pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Continuing operations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 827,126</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 896,100</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 825,800</i></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 35.45pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Discontinued operations</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> -</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 76,855</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> 10,583</i></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Net income allocated to common shareholders for basic and diluted EPS</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,416,891</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,549,548</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets held for sale and inventories</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 18,413</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><sup style="font-style:normal">(1)</sup></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other assets</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2</font></div> </td> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 17,344</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,125,538</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 363,335</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 4,363</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 163,932</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other liabilities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 92</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 363,335</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,366</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 164,024</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Income</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest and other operating income</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,989</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 419</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 11,224</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 48,403</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -&#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 51,613</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; 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BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interests and other operating expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,603</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 269</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 20,139</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Fees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,109</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 19</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 53</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 29,431</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total expenses</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,603</b></font></div> </td> <td style="white-space:nowrap; 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See Note 12. 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">145,266</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,750</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,627</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,736</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,015,523</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other liabilities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;503,211</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Expenses</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interests and other operating expenses</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">32,568</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Fees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,788</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total expenses</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 37,360</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>&#160;</b> <b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 6.25pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Financial liabilities</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of instrument</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivative financial instruments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (122,424)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (20,552)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (142,976)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (304,756)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (19,167)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (323,923)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,955)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (515)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (4,470)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,838)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (272)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,110)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (126,379)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (21,067)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (147,446)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (307,594)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (19,439)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (327,033)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (459,789)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (46,034)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (505,823)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (708,354)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (40,728)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (749,082)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (9,347)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (252,660)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (13,634)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (275,641)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (7,828)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (178,743)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (5,773)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (192,344)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (9,347)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (712,449)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (59,668)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (781,464)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (7,828)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (887,097)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (46,501)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (941,426)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (16,943)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (42,961)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (42,961)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (42,961)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (42,961)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,030)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,030)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,030)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total derivative financial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (9,347)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (855,771)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (80,735)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (945,853)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (8,858)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,237,652)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (65,940)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,312,450)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (9,347)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (855,771)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (80,735)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (945,853)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (8,858)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,237,652)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (65,940)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,312,450)</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1946000000 2190000000 1191471000000 915722000000 2024495000000 4131688000000 1203390000000 522247000000 1389840000000 3115477000000 10 years 978751000000 978751000000 0 -75573000000 0 46035000000 46035000000 0 282604000000 282604000000 388595000000 53139000000 53139000000 0 0 0 0 0 0 0 0 0 0 -4211000000 0 5999000000 10869000000 -72000000 0 -2658000000 0 614000000 300167000000 236236000000 132687000000 2388000000 100 basis points 15 and 20 years 30 days 30 days 0.055 0.1249 0.06 0.1100 0.08 0.1302 0.5100 721000000000 1086000000000 0.2739 <div style="MARGIN: 0pt 0px; 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PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Fiduciaria Bancolombia S.A. Sociedad Fiduciaria</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banca de Inversi&#243;n Bancolombia S.A. Corporaci&#243;n Financiera</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investment banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Bancolombia S.A. Comisionista de Bolsa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Compa&#241;&#237;a de Financiamiento Tuya S.A. <sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.99%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Renting Colombia S.A.S (Before Renting Colombia S.A.)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Transportempo S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Transportation</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Simesa S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inversiones CFNS S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.94%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">BIBA Inmobiliaria S.A.S.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Vivayco S.A.S. <sup style="font-style:normal">(3)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Portfolio Purchase</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 74.95%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">FCP Fondo Colombia Inmobiliario.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 63.47%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62.55%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 50.21%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Patrimonio Autonomo Cartera LBC. <sup style="font-style:normal"> (4)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Loan management</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Prosicol S.A.S<sup style="font-style:normal">. (5)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Pre-operating stage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.57%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Fideicomiso "Lote Abelardo Castro".</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Colombia</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Mercantil trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 68.23%</font></div> </td> </tr> </table> &#160;&#160; <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>ENTITY</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>JURISDICTION</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INCORPORATION</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BUSINESS</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Panam&#225; S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Bancolombia Panam&#225; S.A. <sup style="font-style:normal"> (6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Sistemas de Inversiones y Negocios S.A. Sinesa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banagr&#237;cola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Investment Corporation S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financomer S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Leasing Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Banistmo S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">-&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Panam&#225; Fondos de Inversi&#243;n S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Renta Fija Internacional Largo Plazo S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collective investment fund</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Suvalor Renta Fija Internacional Corto Plazo S.A.<sup style="font-style:normal">(6)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Collective investment fund</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financiera Flash S.A. <sup style="font-style:normal"> (7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Grupo Financomer S.A. <sup style="font-style:normal"> (7)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities Banistmo S.A. <sup style="font-style:normal"> (8)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Asset Management Inc. <sup style="font-style:normal"> (9)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banistmo Capital Markets Group Inc. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Purchase and sale of securities</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Van Dyke Overseas Corp. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inmobiliaria Bickford S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Williamsburg International Corp. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Anavi Investment Corporation S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Desarrollo de Oriente S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Steens Enterpresies S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Portfolio holder</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Ordway Holdings S.A. <sup style="font-style:normal"> (10)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Real estate broker</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Grupo Agromercantil Holding S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Panama</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Holding</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banco Agr&#237;cola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendadora Financiera S.A. Arfinsa</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.37%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Credibac S.A. de C.V.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Credit card services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 97.36%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Valores Banagr&#237;cola S.A. de C.V.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Inversiones Financieras Banco Agr&#237;cola S.A. IFBA</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> </tr> </table> &#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 30%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>ENTITY</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>JURISDICTION</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INCORPORATION</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BUSINESS</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>PROPORTION OF</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>OWNERSHIP</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>INTEREST AND</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>VOTING POWER</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>HELD BY THE</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>BANK&#160;2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Gestora de Fondos de Inversi&#243;n Banagricola S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">El Salvador</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Administers investment funds</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.89%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendamiento Operativo CIB S.A.C.<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Fondo de Inversi&#243;n en Arrendamiento Operativo - Renting Per&#250; <sup style="font-style:normal">(12)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Capital Investments SAFI S.A.<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> FiduPer&#250; S.A. Sociedad Fiduciaria<sup style="font-style:normal">(11)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Trust</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 98.81%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Leasing Per&#250; S.A. <sup style="font-style:normal"> (12)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Peru</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 100.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banagr&#237;cola Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Outsourcing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 99.16%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Banco Agromercantil de Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Seguros Agromercantil de Guatemala S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Insurance company</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 59.17%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financiera Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Financial services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Agrovalores S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Securities brokerage</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Tarjeta Agromercantil S.A. <sup style="font-style:normal"> (13)</sup></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Credit Card</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Arrendadora Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Operating Leasing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Agencia de Seguros y Fianzas Agromercantil S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Insurance company</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Asistencia y Ajustes S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Serproba S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Maintenance and remodelling services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Servicios de Formalizaci&#243;n S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Loans formalization</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Conserjeria, Mantenimiento y Mensajer&#237;a S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Maintenance services</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Media Plus S.A.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Guatemala</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Advertising and marketing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Mercom Bank Ltd.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Barbados</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">New Alma Enterprises Ltd.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bahamas</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Investments</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 60.00%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Bancolombia Puerto Rico Internacional Inc.</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">Puerto Rico</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Banking</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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Currently, there is no specific guidance for these transactions under IFRS, therefore, as permitted by IAS 8, the Bank has developed an accounting policy considering pronouncement of other standard-setting bodies. The assets and liabilities recognized as a result of transactions between entities under common control are recognized at the carrying value of the acquiree&#8217;s financial statements. 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Goodwill is included in the carrying amount of the investment and it is not amortized. The requirements of IAS 39 are applied to determine whether it is necessary to recognize any impairment loss with respect to the Bank&#8217;s investment in an associate or a joint venture. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with IAS 36 Impairment of Assets as a single asset. 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The principal place of business of FCP Colombia Inmobiliario is Bogot&#225; (Colombia).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, there were no dividends declared by this subsidiary. 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0075c0; 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(GAH). As of December 30, 2016, the portion of ownership in GAH by the non controlling interest was 40.00%, reason for which is considered as a significant non-controlling interest for the Bank and its subsidiaries. Guatemala is the principal place of business of GAH and its subsidiaries.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2017, 2016 and 2015 of Grupo Agromercantil Holding.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 49%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31,</b></font><br/> <font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2015</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,343,974</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,317,931</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,344,305</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed statement of income</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 389,463</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 393,972</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total fees and commission, net</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 101,565</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 58,745</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Other operating income</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 54,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 55,942</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Dividends received and equity method</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 608</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 779</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total operating income, net</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>545,882</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>509,438</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Operating expenses</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (445,038)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (435,430)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Income tax</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (21,546)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (11,197)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Net income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>79,298</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>62,811</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Condensed cash flow</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by operating activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 192,850</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (136,878)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by investing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,427)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,157)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Net cash (used in) provided by financing activities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (87,103)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (77,684)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Cash and cash equivalents at beginning of year</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,098,861</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,359,176</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Cash and cash equivalents at end of year</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,203,181</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;1,140,457</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Other comprehensive income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Investments&#160;&#160;at fair&#160;&#160;value&#160;&#160;through OCI</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,241</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Translation adjustment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 15,758</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,195)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (537,196)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> (3,042)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,959</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total other comprehensive income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,957</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(53,554)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; 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Applying that model, a lessee is required to recognize:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 22.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0070c0"><b>(a)</b></font> Assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value; and</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 22.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0070c0"><b>(b)</b></font> Depreciation of lease assets separately from interest on lease liabilities in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Management is evaluating the impact of the adoption of IFRS 16 on the Bank, in its financial position statement and disclosures. 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However, a simplified measurement method is allowed to measure the quantity related to the remaining service by allocating the premium during the coverage period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">This IFRS is mandatory for periods beginning on or after 1 January 2021. Advance application is allowed. 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This amendment is effective as of January 1, 2018, allowing early adoption.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank evaluated the proposed amendment in the standard by determining that the events described therein regarding changes in the use of Investment Property have not taken place in the Bank and its subsidiaries, therefore, the new requirements in IAS 40 will be applied prospectively for new operations as of January 1, 2018, at the moment that transfers of properties with these characteristics are done.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0070c0"><b>IFRIC 22 Transactions in Foreign Currency and Advance Payments:</b></font> This interpretation is issued to determine the exchange rate to be used for the recognition of income from ordinary activities when an entity has received an anticipated consideration in foreign currency. 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FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For each business combination, at the date of acquisition, the Bank measures the non-controlling interest by the proportional share of the identifiable assets acquired, as well as liabilities and contingent liabilities assumed by the acquired company, or by their fair value.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Any contingent consideration in a business combination is classified as a liability or as equity and is recognized at fair value at the date of acquisition, the liability is remeasured at subsequent reporting dates in accordance with IAS 37, Provisions, Contingent Liabilities and Contingent Assets, and the consideration classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity.</div> <div style="CLEAR:both; 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Amounts previously recognized in other comprehensive income that must be recycle through net income in relation with such investments are reclassified to the consolidated statement of income, as if such investment had been sold. When the associate has other comprehensive income, which is not reclassified to profit or loss, the amounts are not reclassified when the investment is sold.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">When the Bank enters into a option contract to acquire totally o partially the amount of shares in a subsidiary held by non-controlling interest, that entitles the non-controlling interest to sell its interest in the subsidiary to the Bank, the Bank analyzes whether the ownership risks and rewards remain with the non-controlling interest or have been transferred to the Bank. The non-controlling interest is recognized to the extent the risks and rewards of ownership of those shares remain with them. 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Financial assets are then classified considering their subsequent measurement at fair value or amortized cost, respectively, on the basis of the business model for managing the financial assets and the contractual cash flow characteristics of the instrument. In addition, for particular investments in equity instruments, in accordance with IFRS 9 (2013), the Bank made the irrevocable election to present subsequent changes in fair value in other comprehensive income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.1 Money market operations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Interbank assets and interbank deposits</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">These are funds that the Bank lends to other financial institutions or borrows from the Central Bank and other financial institutions. The transactions in an asset position with maturity of up to ninety days are measured at fair value and classified as cash equivalents. 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Repos in asset position are initially recognized at the consideration paid and they are subsequently measured at amortized cost. 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However, the securities are disclosed as pledged assets. The amounts received are initially recognized, at fair value, as a financial liability and subsequently measured at amortized cost. 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The effective interest rate is the discount rate at which the present value of future estimated cash payments or those received through the expected life of the financial instrument, or, when appropriate, in a shorter time frame, are equal to the net carrying value at the beginning. 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The Bank established that loans, advances to customers and other receivables are held within a business model whose objective is to hold them in order to collect contractual cash flows and the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. They are initially measured at fair value, plus transaction costs and origination fees that are directly attributable to the acquisition. 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Financial assets are considered significant when, based on current or past information and events, it is likely that the entity will not be able to recover the amounts described in the original contract, including the interests and commissions agreed upon in the contract. When a significant financial asset has been identified as impaired, the amount of the loss is measured as the balance due minus the current net value of the estimated future cash flows. To estimate these flows, basic projected hypotheses are used based on qualitative analysis and backed up by information obtained from the Special Client Administration Committee as well as approvals made with Commerce Managers. When it is determined that a fundamental source of credit collection is a guarantee, the amount of loss is estimated as the balance due minus the fair value of the guarantee minus the estimated selling costs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For credits that are not considered individually significant and for the portfolio of individually significant credits that are not considered impaired, a collective evaluation is carried out. Portfolios of financial assets with similar characteristics are grouped, using statistical techniques based on the analysis of historical losses to determine an estimated percentage of losses that have been incurred by those assets on the balance date. The percentages of historical losses used in the process are updated to incorporate the most recent data of the current economic conditions, the performance trends by industry or region, or the concentration of obligations in each portfolio of financial assets by segment, and any other relevant information that may affect the provision of loss estimate for financial assets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The financial assets are removed from the balance from the provision when they are considered non-recoverable. The recoveries of financial assets previously discounted are recorded as an increase in the provision.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Quantification of the losses incurred takes into account three fundamental factors: exposure at default, the probability of default and the loss caused by default:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Exposure at default: It is understood as the exposed balance of assets to the current capital balance, interest and accounts receivable. In the case of products whose nature is revolving and that have an available quota that is susceptible to be used in its entirety according to loan contracts subscribed with clients, this parameter indicates over-use which can be incurred in the event of client default.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Probability of default (PD): This is the probability that the debtor fails to fulfill their obligations of capital and/or interest payment over a period of twelve months. 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Given that defaulting probability is estimated using a database that contains precedents of historical losses in a complete economic cycle, the macroeconomic adjustment allows suppression of effects from the conditions of the historical period that no longer exist.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the specific case of doubtful assets, the allocated probability of default is 100%. The classification of an asset as &#8220;doubtful&#8221; is made because of a non-payment of 90 days or more (180 days for the Banistmo mortgage portfolio), as well as in cases that there is no non-payment, but where there are doubts about the solvency of the debtor.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #2e74b5;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loss given default (LGD): This is defined as the economic impairment in which the entity would incur in the event of any instance of default. This depends mainly upon the characteristics of the debtor and upon the valuation of guarantees or collateral associated with the operation.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Once a debt or collection of debts is classed as impaired, the interest revenues are still accounted for using the applicable rate of interest for the discount for future cashflows in order to measure loss due to depreciation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.6 Restructured financial assets</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> Loan restructuring is an alternative to achieve a proper collection management. It must be understood as a resource of atypical use to standardize the behavior of a portfolio, using a new contractual agreement between the parties. Such agreement aims to modify the originally established conditions in order to allow the proper attention to the loan in the light of the real or potential impairment in the debtor&#8217;s payment ability. The loan restructuring is implemented through amendments to the contractual terms, rates and payment terms. In any case, at the restructuring time, all the collateral must be preserved and if possible, the Bank&#8217;s position should be improved by obtaining new guarantees or guarantors that support the obligations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the restructuring, real and personal property can be received as foreclosed assets to cancel partially the obligations. Likewise, the Bank can grant discounts on interest or other related receivables. If necessary, the discount can be applied to loan principal, either because the guarantees or payment sources do not have coverage on total loan or because the agreement does not permit full recovery of the total balance. The terms are reviewed in each negotiation to determine if the client should continue in the portfolio and if so, the terms to restore the business relationship after a certain time.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If as a result of restructuring, the financial asset is derecognized, costs and&#160;fees are recognized&#160;in net income, as well the&#160;difference between the value in the balance&#160;sheet&#160;and&#160;the consideration received.&#160;In the case&#160;in which&#160;the modified financial asset&#160;is not derecognized,&#160;the&#160;costs and fees are&#160;deferred&#160;and will be amortized&#160;by the&#160;remaining life&#160;of the modified&#160;asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Before the commencement of the restructuring process, the Bank should perform an analysis of the debtor&#8217;s projected cash flow in order to evaluate the capacity to pay the proposed plan. 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Lease incentives received are recognized as an integral part of the total lease expenses over the term of the lease.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.4.7.2 The Bank as lessor</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The lease agreements entered into by the Bank are classified at the initial recognition as financial or operating leases.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank classifies a lease as a financial lease when according to the agreement substantially, all the inherent risks and benefits are transferred to the lessee and are recognized as the sum of the minimum payments to be received and any unguaranteed residual value discounted at the lease interest rate is recorded as part of the loan. Otherwise, the lease is classified as an operating lease, which is classified in the statement of financial position as premises and equipment. The initial direct costs incurred in the negotiation of an operating lease are added to the carrying value of the leased assets and recorded as a cost during the lease term on the same basis as the lease income. The contingent rents of the leases are recorded as income in the period in which they are obtained.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Among the risks transferred are the possibilities of losses through underutilization, technological obsolescence, decrease in profitability or changes in the economic environment. Among the benefits derived from the use are the expectation of profit over the economic life of the asset and eventually, the appreciation of its residual value or realization of the asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following are indications of transfer of risk and rewards of ownership to the lessee:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The agreement indicates that the lessee has the option to purchase the asset at a price that is expected to be equal to or less than 10.00% of the fair value of the asset upon termination of the lease.</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The term of the lease covers most of the economic life of the asset when the minimum lease term represents 75.00% or more of the economic life of the leased asset.</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">At the inception of the lease, the present value of the minimum lease payments amounts to at least 90.00% of the fair value of the leased asset.</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The leased assets are of such a specialized nature that only the lessee has the possibility of using them without making significant modifications.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If during the lease term, the lessor and the lessee decide to modify the initial conditions, and the agreed changes result in a different classification, then the modified agreement will be considered a new lease with new clauses that will lead to the classification of a financial or operating lease, as appropriate.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>7.5. 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The liability component corresponds to the preferred dividend related to 1% of the subscription price, which is the payment of the minimum dividend on the preferred shares for each period in accordance with the Bank&#8217;s bylaws.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.5.2 Financial guarantee contracts and loan commitments</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to meet the needs of its customers, the Bank issues financial standby letters of credit, bank guarantees and loan commitments. 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In this case, incremental costs and commissions adjust the carrying amount of the liability and are amortized over the remaining life of the modified liability, in accordance with its subsequent measurement at Amortized Cost. 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BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Mortgage</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 1.620 days. For Banistmo and Banco Agr&#237;cola from 720 days. BAM 1440 days.</font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font>&#160;</font></div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Among the reasons underlying the portfolio's non-recoverability are the estimated recovery time of the obligation and the probable recovery percentage given the existence or lack of collaterals. When default conditions are present, it is initially necessary to evaluate whether the collaterals that support the loan generate a reasonable expectation of recovery; if so, the necessary steps are taken to realize of the collateral prior to writing-off; in cases where the collateral net fair value indicates that there are no reasonable expectations of recovery, loans are written-off. In most mortgage loan cases, there is still a high probability of recovery after the delinquency.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>7.7. Derivatives financial instruments</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A financial derivative is an instrument whose value changes in response to changes in a variable such as an interest rate, exchange rate, the price of a financial instrument, a credit rating or a credit index. This instrument requires no initial investment or it is smaller than would be required for other financial instruments with a similar response to changes in market conditions, and it is generally settled at a future date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank carries out derivative transactions to facilitate the business of clients related to the management of their market and credit risk; managing the exposure in its own position to changes in interest rates and risks in exchange rates; or to obtain benefits from changes in valuations experienced by these instruments in the market. Derivatives are recognized and measured at fair value through profit or loss, unless such derivatives are designated as hedging instruments in cash flow hedges or in a hedge of a net investment in a foreign operation. In those cases, the effective portion of changes in the fair value of the derivatives are recognized in other comprehensive income</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>7.7.1 Hedge accounting</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Fair value hedges are used by the Bank, through its Panamanian subsidiary, Banistmo, to protect against changes in the fair value of investment securities that are attributable to interest rate variability. Cash flow hedges are used mainly to reduce the variability in cash flows of deposits issued by Banistmo caused by interest rate changes. When the hedging relationship is considered to be highly effective, the changes in value of the hedging derivative are accounted for according to their classification as fair value hedges, cash flow hedges and hedges of net investment in foreign operations, as set in the paragraph below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank assesses at the inception of the hedge and on a monthly basis during the life of the instrument, whether the hedge used in the transaction is expected to be highly effective (prospective effectiveness), and considers the actual effectiveness of the hedge on an ongoing basis (retrospective effectiveness). The Bank discontinues the hedge accounting when the hedging instrument expires or is sold, terminated or exercised, the hedge no longer meets the criteria for hedge accounting or if hedge designation is revoked. When hedge accounting for a fair value hedge is terminated the previous adjustments related to the changes in fair value of the hedged item are subsequently recorded in the consolidated statement of income in the same manner as other components of the carrying amount of that asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Before the establishment of the hedge accounting, The Bank documents the relationship between hedged items and hedging instruments, as well as its risk management objectives and hedging strategies, which are approved by the Risk Management Committee as the body designated by the Board of Directors.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Hedge relationships, are classified and accounted for in the following way:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192)" align="justify"> &#150;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b> Fair value hedges:</b> <font style="COLOR: black">are designated to protect against the exposure to changes in the fair value of recognized assets or liabilities or unrecognized firm commitments.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black"><i> &#160;</i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Changes in the fair value of derivatives that are designated and qualify as hedging instruments in fair value hedges are recorded in the statement of income as interest and valuation on investments. The change in fair value of the hedged item attributable to the hedged risk is uncluded as part of the carrying value of the hedged item, and it is also recognized in the aforementioned item of statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For fair value hedges that are related to items accounted for at amortized cost, the adjustments to the carrying value are amortized through the statement of income during the remaining term until their expiry. The amortization of the effective interest rate will be able to begin as long as there is an adjustment to the carrying value of the hedged item, but it will have to begin at the latest when the hedged item is no longer adjusted by changes to its fair value attributable to the risk that is being hedged. The amortization of the adjustments to the carrying value is based on the effective interest rate recalculated on the starting date of the amortization. If the hedged item is derecognized, the non-amortized fair value is recognized immediately in the statement of income. If the hedge instrument expires or it is sold, terminated or exercised, or when the hedge no longer meets the criteria for hedge accounting, the Bank discontinues prospectively the hedge accounting. For the items hedged at amortized cost, the difference between the carrying value of the item hedged at the completion of the hedge and the nominal value are amortized using the effective rate method during the time surplus of the original terms of the hedge. If the hedged item is derecognized, the remaining value to amortize is recognized immediately in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">When an unrecognized firm commitment is designated as a hedged item, the subsequent cumulative change in the fair value of the firm commitment attributable to the hedged risk is recognized as an asset or liability with corresponding gain or loss recognized in net income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0075c0"> &#150;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b> Cash flow hedges:</b></font> are used mainly to manage the exposition to variability related to the cash flow attributable of a specific risk associated with an asset or liability recognized on statement of financial position or to a highly probable forecast transaction.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The portion of the gain or loss on the hedging instrument that is determined to be an effective hedge is recognized in other comprehensive income. The ineffective portion of the gain or loss on the hedging instrument is recognized in the statement of income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If the hedging instrument expires or is sold, terminated or exercised, without replacement or rollover into another hedging instrument, or if its hedging designation is revoked, any accumulated gain or loss previously recognized in OCI remains in OCI, until the planned operation or the firm commitment affects the result.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Hedge accounting is discontinued when the Bank revokes the hedging relationship, when the hedging isntrument expires or is sold, terminated, or excercised, or when no longer quilifies for hedge accounting. Any gain or loss recognised in other comprehensive income and accumulated in equity at that time remains in equity and is recognised in other comprehensive income when the forecast transaction is ultimately recognised in net income. When a forecast transaction is no longer expected to occur, the gain or loss acumulated in equity is recognised inmediately in net income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> &#150;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="COLOR: #0075c0"><b>Hedges of a net investment in a foreign operation:</b></font> In accordance with IFRS 9 &#8216;Financial instruments&#8217; and IFRIC 16 &#8216;Hedges of a net investment in a foreign operation&#8217;, the Bank has decided to apply the hedge accounting of the foreign currency risk arising from its net investment in Banistmo, designating as a hedging instrument certain debt securities issued by the Parent Company. Considering the hedge accounting relationship, in the case of the net investment, the gain or loss derived from the foreign exchange differences related to the debt securities that is determined to be an effective hedge is recognized in other comprehensive income, as well as the currency translation adjustment of the Banistmo operation into the presentation currency as required by IAS 21 as detailed in F.2. &#8216;Functional and presentation currency&#8217;.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>8. Premises and equipment and depreciation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Premises and equipment include tangible items that are held for use, for rental to others, or for administrative purposes and are expected to be used for more than one period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Items of premises and equipment are expressed at cost less accumulated depreciation and impairment losses. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. The depreciable amount is the cost of an asset less its residual value. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The estimated useful lives for each asset group are:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 48%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="center"><b><i>Asset group</i></b></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="center"><b><i>Useful life range</i></b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Buildings</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">10 to 75 years</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Furniture and fixtures</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">5 to 20 years</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Computer equipment</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">3 to 20 years</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Equipment and machinery</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">3 to 40 years</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Vehicles</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">3 to 6 years</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The assets&#8217; residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. When there is a significant change, the depreciation and the charge to the statement of income are adjusted based on the new estimation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Assets classified as premises and equipment are subject to impairment tests when events or circumstances occur indicating that the carrying amount of the assets may not be recoverable</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">An impairment loss is recognized for the amount by which the asset&#8217;s carrying amount exceeds its recoverable amount and is recognized in the statement of income as &#8216; impairment, depreciation and amortization&#8217;.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">When the carrying value exceeds the recoverable value, the carrying value is adjusted to its recoverable value, modifying the future charges for depreciation, according to its new remaining useful life.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In a similar way, when indications exist that the value of an asset has been recovered, reversal of an impairment loss is recognized immediately in net income and consequently the future charges for the asset&#8217;s depreciation are adjusted. In any case, the reversal of the impairment loss of assets cannot increase its carrying value above the amount that it would have if impairment losses in previous periods had not been recognized.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For the purposes of assessing impairment, assets are grouped at the smallest identifiable group that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). The evaluation can be carried out at individual asset level when the fair value less the cost of sale can be reliably determined and the value in use is estimated to be close to its fair value less costs to sell and fair value less costs to sell can be determined</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Maintenance expenses of the premises and equipment are recognized as an expense in the period in which they are incurred and are registered in the consolidated statement of income as <i>administrative and general expenses.</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Gains and losses in the sale of premises and equipment are registered in the consolidated statement of income as <i>other operating income</i> or <i>other expenses.</i></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>9. Investment properties</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Land and buildings that the Bank holds to earn rentals or for capital appreciation or both rather than for their use in the supply of services or sale in the ordinary course of business are recognized as investment properties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The investment properties are measured initially at cost, including the transaction costs. 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The value of any reversion that comes from an increase in the NVR in which the increase occurs is recognized as a lower expense in the period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Other new inventories are measured initially at acquisition cost which comprises the sum of the purchase price, the import costs (if applicable), the non-recoverable taxes paid, the storage, the transport costs, and other attributable or necessary costs for their acquisition, less discounts, reductions or similar items. 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The corresponding expense of any provision is recorded in the statement of income, net of all expected reimbursement. The increase of the provision due to the time value of money is recognized as a financial expense.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The amounts recognized in the statement of income, correspond mainly to:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0">&#150;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>Provisions for loan commitments and financial guarantee contracts; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><font style="COLOR: #0075c0">&#150;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>Provisions for legal proceedings, classified as probable to be decided against the Bank.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Bank, or a present obligation that arise from past events but are not recognized because it is not probable, that an outflow of resources embodying economic benefits will be required to settle the obligations or the amount of the obligations cannot be measured with sufficient reliability are not recognized in the financial statement but instead are disclosed as contingent liabilities, unless the possibility of an outflow of resources embodying economic benefits is remote, in which case no disclosure is required.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Possible assets that arise from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Bank, are not recognized in the financial statement; instead are disclosed as contingent assets where an inflow of economic benefits is probable. 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font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>unobservable</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>input</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Range of</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>inputs</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Weighted</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>average</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Sensitivity</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>100</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>basis point</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Sensitivity</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>100</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>basis point</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>decrease</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Amounts in millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>TIPS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 236,236</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.43% to 10.35%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.63%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 225,867</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 235,382</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Liquidity risk</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Premium</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0% to 10.35%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4.48%</font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 3.55pt; PADDING-LEFT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 226,007</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 235,228</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Prepayment</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Speed</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 231,087</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 230,152</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 41,776</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.11%) to 0.76%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.81%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 35,305</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 38,282</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securitizations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,919</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2.24% to (3.43%)</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (1.19%)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 11,014</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Time deposit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,118</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1.77% to 1.86%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1.81%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,056</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,184</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>297,049</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,118</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.11%) to 0.76%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,292</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,985</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>300,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,343,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price-based</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; 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PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Options</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,249</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Black-Scholes</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; 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BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Significant</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>unobservable</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>input</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Range</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>of inputs</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Weighted</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>average</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Sensitivity</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>100</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>basis point</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>increase</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Sensitivity</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> basis&#160;point</b></font><br/> <font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> decrease</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Amounts in millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>TIPS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,651</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.23%) to 0.76%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.32%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,484</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,807</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Liquidity risk</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Premium</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0% to 10.35%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 9.58%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,377</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,687</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Prepayment</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Speed</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,557</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,509</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 75,862</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.75% to 1.20%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2.14%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 68,621</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 73,182</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt securities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,350</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.12%)</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.12%)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,297</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,388</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Asset-backed securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 16,895</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.12%)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1.65%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 16,766</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 17,056</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>117,758</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,929</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.24%)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.24%)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,448</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,124</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>132,687</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,178,678</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price-based</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative fiancial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Options</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 41,496</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Black-Scholes</font></div> </td> <td style="TEXT-ALIGN: center; 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font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 201,185</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Credit spread</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0% to 23.44%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5.86%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>P.A Viva Malls</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 17%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2015</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; 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TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Net foreign exchange</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,068</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">132,292</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(157,933)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">164,150</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">167,914</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">165,737</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other reversals</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,012</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">37,767</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,110</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Investment property valuation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,573</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">149,299</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">150,176</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Insurance <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,640</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,679</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Gains on sale of assets</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">40,600</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60,282</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,408</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Derivatives foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,917</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">164,172</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">527,137</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Penalties for failure to contract</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,881</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,634</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,963</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Hedging</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(3,678)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(5,985)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(20,509)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">286,322</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">223,583</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">227,859</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Other operating income</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,632,346</b></font></div> </td> <td style="white-space:nowrap; 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WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Authorized shares</i></font></div> </td> <td style="TEXT-ALIGN: right; 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If the payment is made in the Bank's own equity securities instead of cash, that situation has to be approved by the 80.00% of the subscribed common shareholders and the 80.00% of the subscribed preferred shares.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The annual net profits of Bancolombia must be applied as follows: (i) first, an amount equal to 10.00% of Bancolombia&#8217;s net profits to a legal reserve until such reserve is equal to at least 50.00% of the Bank&#8217;s paid-in capital; (ii) second, to the payment of the minimum dividend on the preferred shares; and (iii) third, as may be determined in the ordinary annual stockholders&#8217; meeting by the vote of the holders of a majority of the shares entitled to vote.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>&#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="center"> <table style="WIDTH: 45%; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="45%"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="60%"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Dividends declared with</font></b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><br/> <b>respect to net income</b><br/> <b>earned in:</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in" width="40%"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Cash dividends per</font></b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><br/> <b>share (Stated in</b><br/> <b>COP)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2017</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,020</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2016</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 950</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2015</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 888</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2014</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 830</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2013</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 776</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2012</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">754<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 8pt"> <font style="FONT-SIZE: 12pt;FONT-FAMILY:Calibri"><font style="FONT-SIZE: 6pt">&#160;</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Preferred shares</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Holders of preferred shares are entitled to receive dividends based on the profits of the preceding fiscal year, after deducting losses affecting the capital and once the amount that shall be legally set apart for the legal reserve has been deducted, but before creating or accruing for any other reserve, of a minimum preferred dividend equal to one per cent (1.00%) yearly of the subscription price of the preferred share, provided this dividend is higher than the dividend assigned to common shares, if this is not the case, the dividend shall be increased to an amount that is equal to the per share dividend on the common shares. The dividend received by holders of common shares may not be higher than the dividend assigned to preferred shares.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Payment of the preferred dividend shall be made at the time and in the manner established in the general shareholders&#8217; meeting and with the priority indicated by Colombian law.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Any stock dividend payable in common shares requires the approval of 80.00% or more of the shares present at a shareholders&#8217; meeting, which will include 80.00% or more of the outstanding preferred shares. In the event that none of the holders of preferred shares is present at such meeting, a stock dividend may only be paid to the holders of common shares that approve such a payment.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0px" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The annual net profits of Bancolombia must be applied as follows: (i) first, an amount equal to 10.00% of Bancolombia&#8217;s net profits to a legal reserve until such reserve is equal to at least 50.00% of the Bank&#8217;s paid-in capital; (ii) second, to the payment of the minimum dividend on the preferred shares; and (iii) third, as may be determined in the ordinary annual stockholders&#8217; meeting by the vote of the holders of a majority of the shares entitled to vote.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>&#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="center"> <table style="WIDTH: 45%; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="45%"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 60%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="60%"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Dividends declared with</font></b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><br/> <b>respect to net income</b><br/> <b>earned in:</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in" width="40%"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Cash dividends per</font></b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><br/> <b>share (Stated in</b><br/> <b>COP)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2017</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,020</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2016</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; 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FONT-SIZE: 10pt"> 888</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> 2014</font></b></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 830</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; 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COLOR: #0075c0; FONT-SIZE: 10pt"> 2012</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 754</font></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0 0 12965000000 0 241944000000 184454000000 415229000000 209228000000 117075000000 68166000000 40190000000 0 57623000000 103889000000 105032000000 113150000000 0 507817000000 267937000000 30750000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>NOTE 20. PROVISIONS AND CONTINGENT LIABILITIES</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; TEXT-INDENT: 0in; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0075c0; MARGIN-LEFT: 0in" align="justify"><b>20.1 Provisions</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following tables show the detail of the provisions:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Judicial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Administrative</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> guarantees</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Initial balance at January 1, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,135</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,312</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 77,366</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 107,813</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Additions recognized in the year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 23,396</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 302</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 55,539</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 79,237</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions used during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (10,623)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (10,623)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions reversed during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (11,504)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (80,615)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (92,119)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (90)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (90)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Effect of discounted cash flows</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 98</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (22)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 76</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Final balance at December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 30,412</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,592</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,290</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 84,294</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Judicial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Administrative</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> proceedings</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> guarantees</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 15%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Initial balance at January 1, 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,147</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 336</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,720</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 72,203</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Additions recognized in the year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 17,000</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,032</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 71,564</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 89,596</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions used during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,444)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (56)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,500)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Provisions reversed during the period</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,512)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (46,918)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (50,430)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign currency translation adjustment</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (243)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (243)</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Effect of discounted cash flows</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 187</font></div> </td> <td style="white-space:nowrap; 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These are commitments issued by the Bank to guarantee the performance of a customer to a third party and are mainly issued to guarantee agreements established between parties from the energy sector, private sector and public procurement contracts. 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DEPOSITS FROM COSTUMERS</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The detail of the deposits as of December 31, 2017 and 2016 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 56%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Deposits</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Saving accounts</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 54,255,583</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 48,693,702</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Time deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 53,961,586</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 52,673,385</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Checking accounts</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,065,647</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 21,443,002</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other deposits</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,676,399</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,813,922</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>131,959,215</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>124,624,011</b></font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The following table details the time deposits (&#8216;CDT&#8217;) issued by the Bank:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> CDT</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Effective interest rate</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Modality</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Minimum</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Maximum</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying value</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="5"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of&#160;&#160;COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Less than 6 Months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 0.10%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6.96%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,536,280</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 7,535,719</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equal to 6 months and less than 12 months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 0.20%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8.03%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,711,157</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,718,827</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equal to 12 months and less than 18 months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 0.20%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9.03%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,062,290</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 8,146,366</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equal to or greater than 18 months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 0.01%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 18.29%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,651,859</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 33,381,189</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>53,961,586</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 1pt; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>54,782,101</b></font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>CDT</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Effective interest rate</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Modality</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Minimum</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Maximum</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Carrying value</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Fair value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of&#160;&#160;COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Less than 6 Months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.01%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8.86%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,495,536</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,458,936</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equal to 6 months and less than 12 months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.20%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 9.63%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 7,612,216</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 7,629,195</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equal to 12 months and less than 18 months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.01%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10.01%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,345,522</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,391,407</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equal to or greater than 18 months</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.01%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 18.29%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 29,220,111</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 29,666,246</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>52,673,385</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>53,145,784</b></font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="left">The detail of CDT&#8217;s issued by the Bank by maturity is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 72%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying value</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="3"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Less than one year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>36,416,439</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>36,701,555</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>10,525,956</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>10,727,828</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>3 to 5 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>5,367,765</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,592,750</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>More than 5 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>1,651,426</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>1,759,968</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>53,961,586</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>54,782,101</b></font></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 72%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Period</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Carrying value</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 14%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Fair value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Less than one year</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 34,442,445</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 34,626,003</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>1 to 3 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,698,266</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,815,760</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>3 to 5 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,401,074</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,505,403</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>More than 5 years</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,131,600</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,198,618</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>52,673,385</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>53,145,784</b></font></div> </td> </tr> </table> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: transparent 1pt solid; TEXT-INDENT: 0in; MARGIN: 0px; FONT: bold 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The detail of the deposits as of December 31, 2017 and 2016 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Deposits</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>December&#160;31,&#160;2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>December&#160;31,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="6"> <div>In&#160;millions&#160;of&#160;COP</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Saving accounts</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>54,255,583</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>48,693,702</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Time deposits</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>53,961,586</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>52,673,385</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Checking accounts</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>22,065,647</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>21,443,002</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Other deposits</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>1,676,399</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>1,813,922</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>131,959,215</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>124,624,011</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table details the time deposits (&#8216;CDT&#8217;) issued by the Bank:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%"> <div>CDT</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="31%" colspan="3"> <div>Effective&#160;interest&#160;rate</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="31%" colspan="3"> <div>December&#160;31,&#160;2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%"> <div>Modality</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Minimum</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Maximum</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Carrying&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Fair&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="10"> <div>In&#160;millions&#160;of&#160;&#160;COP</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Less than 6 Months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>6.96</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>7,536,280</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>7,535,719</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Equal to 6 months and less than 12 months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.20</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>8.03</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,711,157</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,718,827</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Equal to 12 months and less than 18 months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.20</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>9.03</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>8,062,290</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>8,146,366</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Equal to or greater than 18 months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>18.29</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>32,651,859</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>33,381,189</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>53,961,586</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>54,782,101</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%"> <div>CDT</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="31%" colspan="3"> <div>Effective&#160;interest&#160;rate</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="31%" colspan="3"> <div>December&#160;31,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%"> <div>Modality</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Minimum</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Maximum</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Carrying&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Fair&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="10"> <div>In&#160;millions&#160;of&#160;&#160;COP</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Less than 6 Months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>8.86</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10,495,536</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10,458,936</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Equal to 6 months and less than 12 months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.20</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>9.63</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>7,612,216</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>7,629,195</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Equal to 12 months and less than 18 months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,345,522</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,391,407</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Equal to or greater than 18 months</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>18.29</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>29,220,111</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>29,666,246</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>52,673,385</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>53,145,784</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">The detail of CDT&#8217;s issued by the Bank by maturity is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="6"> <div>December&#160;31,&#160;2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Period</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Carrying&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Fair&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="6"> <div>In&#160;millions&#160;of&#160;COP</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Less than one year</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>36,416,439</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>36,701,555</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>1 to 3 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10,525,956</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10,727,828</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>3 to 5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,367,765</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,592,750</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>More than 5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>1,651,426</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>1,759,968</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>53,961,586</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>54,782,101</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="6"> <div>December&#160;31,&#160;2016</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Period</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Carrying&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div>Fair&#160;value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="100%" colspan="6"> <div>In&#160;millions&#160;of&#160;COP</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Less than one year</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>34,442,445</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>34,626,003</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>1 to 3 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10,698,266</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>10,815,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>3 to 5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,401,074</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>5,505,403</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>More than 5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>2,131,600</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>2,198,618</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>52,673,385</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div>53,145,784</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt" align="left"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDTH: 100%; FONT-SIZE: 1pt; BORDER-TOP: transparent 1pt solid"> &#160;</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>NOTE 29. FAIR VALUE OF ASSETS AND LIABILITIES</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents the carrying amount and the fair value of the assets and liabilities as of December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Carrying</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> amount</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 52%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,701,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,701,855</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,537,562</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,537,562</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities at amortized cost</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,157,568</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,131,688</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,134,919</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,115,477</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity securities at fair value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,517,830</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,517,830</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,388,172</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,388,172</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,134,372</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,134,372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,677,970</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,677,970</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Loans and advances to customers and financial institutions, net <sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 152,244,991</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 149,162,071</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 145,125,575</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">141,595,210</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Investment property</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,657,409</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,657,409</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,581,689</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,581,689</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Invesments in associates and joint ventures</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">757,886</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">757,886</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,595</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,595</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity securities - Assets held for sale</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;2,486</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,486</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 172,174,397</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 169,065,597</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 161,834,482</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 158,284,675</font></strong></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 131,959,215</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 132,779,730</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 124,624,011</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 125,096,410</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interbank deposits</i></font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,236,128</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,236,128</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,924,010</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> &#160;1,924,010</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; 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In accordance with IFRS the financial instruments are classified as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0075c0"><b>Level 1:</b></font> Observable inputs that reflect quoted prices (unadjusted) in active markets for identical assets or liabilities. An active market is a market in which transactions for the asset or liability being measured take place with sufficient frequency and volume to provide pricing information on an ongoing basis.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0075c0"><b>Level 2:</b></font> Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 2 generally includes: (i) quoted prices for similar assets or liabilities in active markets; (ii) quoted prices for identical or similar assets or liabilities in markets that are not active, that is, markets in which there are few transactions for the asset or liability.</div> &#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: #0075c0"><b>Level 3</b>:</font> Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes certain retained residual interests in securitizations, asset-backed securities (ABS) and highly structured or long-term derivative contracts where independent pricing information was not able to be obtained for a significant portion of the underlying assets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#8226; Valuation process for fair value measurements</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The valuation to fair value prices is performed using prices, methodologies and inputs provided by the official pricing services provider (Infovalmer) to the Bank. All methodologies and procedures developed by the pricing services provider are supervised by the Financial Superintendence of Colombia, which has not objected to them.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On a daily basis, the Financial Operations Officer verifies the valuation of investments, and the Proprietary Trading Desk&#8217;s Risk Management area reports the results of the portfolio&#8217;s valuation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Fair value measurement</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Assets</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>a. 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These techniques include determination of expected future cash flows which are discounted using curves of the applicable currencies and the Colombian consumer price index&#160;(interest rate in this case), modified by the credit risk and liquidity risk. The interest rate is generally computed using observable market data and reference yield curves derived from quoted interest in appropriate time bandings, which match the timings of the cash flows and maturities of the instruments.&#160;</div> &#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>b. 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Likewise, the fair value of unlisted equity securities is based on an assessment of each individual investment using methodologies that include publicly-traded comparables derived by multiplying a key performance metric (e.g., earnings before interest, taxes, depreciation and amortization) of the portfolio company by the relevant valuation multiple observed for comparable companies, acquisition comparables, and if necessary considered, are subject to appropriate discounts for lack of liquidity or marketability. Interests in investment funds, trusts and collective portfolios are valued using the investment unit value determined by the fund management company. For investment funds where the underlying assets are investment properties, the investment unit value depends on the investment properties value, determined as described in verbatim &#8220;i. 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The credit-risk adjustment for derivatives transacted with non-public counterparties is calculated by incorporating unobservable credit data derived from internal credit qualifications to the financial institutions and corporate companies located in Colombia. The Bank also considers its own creditworthiness when determining the fair value of an instrument, including OTC derivative instruments if the Bank believes market participants would take that into account when transacting the respective instrument. The approach to measuring the impact of the Bank&#8217;s credit risk on an instrument transacted with international financial institutions is done using the asset swap curve calculated for subordinated bonds issued by the Bank in foreign currency. For derivatives transacted with local financial institutions, the Bank calculates the credit risk adjustment by incorporating credit risk data provided by rating agencies and released in the Colombian financial market.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>e. Impaired loans measured at fair value</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank measured certain impaired loans based on the fair value of the associated collateral less costs to sell. The fair values were determined as follows using external and internal valuation techniques or third party experts, depending on the type of underlying asset.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For vehicles under leasing arrangements, the Bank uses an internal valuation model based on price curves for each type of vehicle. Such curves show the expected price of the vehicle at different points in time based on the initial price and projection of economic variables such as inflation, devaluation and customs. The prices modelled in the curves are compared every six months with market information for the same or similar vehicles and in the case of significant deviation; the curve is adjusted to reflect the market conditions.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Other vehicles are measured using matrix pricing from a third party. This matrix is used by most of the market participants and is updated monthly. 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The methodologies vary depending on the date of the last appraisal available for the property (The appraisal is estimated based on either of three approaches: cost, sale comparison and income approach).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>f. 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Likewise, in some cases the fair value is estimated considering comparable prices or promises of sale and offering prices from auctions process.&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>g. 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These asset-backed securities have different maturities and are generally classified by credit ratings.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Fair values were estimated using discounted cash flows models where the main key economic assumptions used are estimates of prepayment rates and resultant weighted average lives of the securitized mortgage portfolio, probability of default and interest rate curves. These items are classified as Level 2 and level 3.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>h. Investments in associates and joint ventures measured at fair value</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank recognizes its investment in PA Viva Malls as an associated at fair value. The estimated amount is provided by fund manager as the variation of the units according to the units owned by the Fondo Colombia Inmobiliario. The associate&#8217;s assets are comprised of&#160;investment properties which are measured using the following techniques: comparable prices, discounted cash flows, replacement cost and direct capitalization. For further information about techniques methodologies and inputs used by the external party see &#8220;Quantitative Information about Level 3 Fair Value Measurements&#8221;.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>i. 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PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,904,152</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued or secured by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,186</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">26,852</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 36,038</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,163</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,741</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,904</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">177,531</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">578,196</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">297,049</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,052,776</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">146,025</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">529,244</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">405,099</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,080,368</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,196,963</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,275,031</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,471,994</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,044,629</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,384,563</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,429,192</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">33,800</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100,982</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,118</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 137,900</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,614</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">77,403</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,929</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 111,946</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,431,340</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,970,348</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 300,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 10,701,855</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,614,383</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,503,151</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 420,028</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,537,562</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">145,250</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">28,976</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,343,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,517,830</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">189,363</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,131</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,178,678</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,388,172</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,250</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 28,976</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,343,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,517,830</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 189,363</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,131</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,178,678</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,388,172</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivative financial instruments</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">78,189</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">94,121</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 172,310</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">187,682</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">125,884</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 313,566</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">357</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,816</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">609</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,425</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 78,546</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 94,136</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 172,682</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 190,498</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 126,493</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 316,991</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">482,330</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">190,228</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 672,558</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">856,742</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">270,732</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,127,474</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,171</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">220,027</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,939</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 274,137</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,497</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">158,342</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,369</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 186,208</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,171</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 702,357</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 236,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 946,695</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,497</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,015,084</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 294,101</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,313,682</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">746</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,249</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,995</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,633</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">41,664</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 47,297</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 746</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,249</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,995</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,633</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">41,664</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 47,297</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total derivative financial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,171</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 781,649</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 344,552</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,134,372</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,497</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,211,215</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 462,258</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,677,970</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment properties</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Buildings</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,413,285</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"></font> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,413,285</b></font></b></font></div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,355,717</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,355,717</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Lands</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"></font> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 244,124</font></font></div> </div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 244,124</font></strong></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">225,972</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,972</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total investment properties</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,657,409</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,657,409</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,581,689</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,581,689</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Investment in associates</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>PA Viva Malls</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">757,886</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 757,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,595</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 388,595</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total investment in associates and joint ventures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 757,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 757,886</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 388,595</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 388,595</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Equity securities - Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Assets held for sale</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,486</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,486</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Equity securities - Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,486</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,486</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,584,761</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,780,973</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,406,104</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,771,838</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,808,243</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,734,497</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,031,248</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,573,988</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>&#160;</b> <b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 6.25pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Financial liabilities</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of instrument</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Derivative financial instruments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Forwards</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (122,424)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (20,552)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (142,976)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (304,756)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (19,167)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (323,923)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,955)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (515)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (4,470)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,838)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (272)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (3,110)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total forwards</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (126,379)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (21,067)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (147,446)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (307,594)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (19,439)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (327,033)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Swaps</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (459,789)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (46,034)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (505,823)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (708,354)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (40,728)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (749,082)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest rate contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (9,347)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (252,660)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (13,634)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (275,641)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (7,828)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (178,743)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (5,773)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (192,344)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total swaps</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (9,347)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (712,449)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (59,668)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (781,464)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (7,828)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (887,097)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (46,501)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (941,426)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Options</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Foreign exchange contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (16,943)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (42,961)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (42,961)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total options</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (16,943)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (42,961)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (42,961)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (1,030)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,030)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total futures</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,030)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,030)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total derivative financial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (9,347)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (855,771)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (80,735)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (945,853)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (8,858)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,237,652)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (65,940)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,312,450)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (9,347)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (855,771)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (80,735)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (945,853)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (8,858)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,237,652)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (65,940)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,312,450)</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>Fair value of assets and liabilities that are not measured at fair value in the Statement of Financial Position</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents for each of the fair-value hierarchy levels the Bank&#8217;s assets and liabilities that are not measured at fair value in the statement of financial position but for which the fair value is disclosed at December 31, 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Assets</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of instrument</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,967</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,967</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued or secured by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,204</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">528,395</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,350,175</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,895,774</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,336</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">344,200</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,154,372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,507,908</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">194,606</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,871</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,007</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 228,484</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">172,125</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,421</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,033</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 205,579</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">748,060</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">302,795</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,050,855</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">822,598</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162,626</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 985,224</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">231,601</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,694</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">662,313</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 943,608</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">199,331</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">217,435</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 416,766</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total &#150; Debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,191,471</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 915,722</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,024,495</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,131,688</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,203,390</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 522,247</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,389,840</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,115,477</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Loans and advances to customers and financial institutions, net<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 149,162,071</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 149,162,071</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">141,595,210</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 141,595,210</font></strong></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,191,471</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 915,722</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,186,566</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 153,293,759</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,203,390</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 522,247</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 142,985,050</font></strong></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 144,710,687</font></strong></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 3.5pt; PADDING-LEFT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="9"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; TEXT-INDENT: -3.55pt; PADDING-LEFT: 3.55pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Type of instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Fair value hierarchy</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total fair</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>value</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Fair value hierarchy</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total fair</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>value</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 2</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 3</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 2</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Deposits by customers</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (30,440,868)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (102,338,862)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(132,779,730)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (20,534,986)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (104,561,424)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(125,096,410)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Interbank deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (1,084,591)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,084,591)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (341,856)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(341,856)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Repurchase agreements and other similar secured borrowing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (3,236,128)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(3,236,128)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (1,924,010)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,924,010)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Borrowings from other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (13,822,152)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(13,822,152)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (18,905,843)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(18,905,843)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Preferred shares</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (662,999)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(662,999)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">IFRS requires entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized in the statement of financial position, for which it is practicable to estimate fair value. Certain categories of assets and liabilities, however, are not eligible for fair value accounting. The financial instruments below are not recorded at fair value on a recurring and nonrecurring basis:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Short-term financial instruments</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Short-term financial instruments are valued at their carrying amounts included in the consolidated statement of financial position, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments. This approach was used for cash and cash equivalents, accrued interest receivable, customers&#8217; acceptances, accounts receivable, accounts payable, accrued interest payable and bank acceptances outstanding.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Deposits from customers</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The fair value of time deposits was estimated based on the discounted value of cash flows using the appropriate discount rate for the applicable maturity. 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The cash flows projection of capital and interest was made according to the contractual terms, considering capital amortization and interest bearing. Subsequently, the cash flows was discounted using reference curves formed by the weighted average of the Bank&#8217;s deposit rates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 57pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Debt securities in issue</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The fair value of debt securities in issue, comprised of bonds issued by Bancolombia S.A. and its subsidiaries, was estimated substantially based on quoted market prices. 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The Gordon Model is commonly used to determine the intrinsic value of a stock based on a future series of dividends that are estimated by the Bank and grow at a constant rate considering the Bank&#8217;s own perspectives of the payout ratio.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Loans and advances to customers and financial institutions</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Estimating the fair value of loans and advances to customers is considered an area of considerable uncertainty as there is no observable market. The loan portfolio is stratified into tranches and loans segments suchs as commercial, small business loans, mortgage and consumer. The fair value of loans and advances to customers and financial institutions is determined using a discounted cash flow methodology, considering each credit&#8217;s principal and interest projected cash flows to the maturity date. 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Machinery and equipment</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,500</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,500</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,466</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,466</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real estate for residential purposes</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,854</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,854</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,671</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,671</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real estate different from residential properties</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,402</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,402</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">102,913</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 102,913</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collateralized loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,417,875</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,417,875</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,543,513</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,543,513</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,454,631</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,454,631</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,676,563</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,676,563</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="left"><b>Investment in Associates &#150; TUYA</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As mentioned in Note 7. Investments in associates and joint ventures, during 2017 the Bank has recognized an impairment on TUYA. The valuation of TUYA SA was made through an exercise of comparable multiples, using the price / book value multiple as reference. A list of comparable companies that have a similar economic activity to the company valued was taken. Taking into account that several of the comparable companies are in a different geography, adjustments were made to the multiple to reflect this situation. The most sensitive assumptions used by the Bank in determining the fair value of Tuya were the valuation trading multiple and the discount rate used. The valuation trading multiple was 1.29x and it was computed using a lineal regression model, the Tuya&#8217;s expected return rate used by the expert was 12.13%</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair-value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair-value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Investment in Associates - TUYA</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">225,548</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,548</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,548</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 225,548</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>Changes in Level 3 Fair-Value Category</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The table below presents reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2017 and 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>January 1,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Included in</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> earnings</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> OCI</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Purchases /</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> reclassifications</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Settlement</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Prepaids</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers in to</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers out of</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="10"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities at fair value</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued or secured by other financial entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 405,099</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (70,416)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 52,316</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (58,999)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (30,951)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 297,049</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 14,929</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (4,211)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 5,999</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (10,869)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (72)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,658)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3,118</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>420,028</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(74,627)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>58,315</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(69,868)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(72)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(33,609)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>300,167</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Foreign exchange contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 378,385</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 353</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 231,260</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (378,053)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 103</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (36)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 232,012</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 17,596</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 34,067</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (17,596)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (1,762)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 32,305</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 337</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (500)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (337)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (500)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>396,318</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>353</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>264,827</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(395,986)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,659)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(36)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>263,817</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,178,678</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 107,848</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 26,736</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 116,743</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (41,948)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 6,950</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (51,403)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,343,604</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Total</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,178,678</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>107,848</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>26,736</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>116,743</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(41,948)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>6,950</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(51,403)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,343,604</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investment in associates</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>PA Viva Malls</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 388,595</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 108,868</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 262,918</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (2,495)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 757,886</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>388,595</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>108,868</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>262,918</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,495)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>757,886</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities -&#160;&#160;Assets held for sale</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Assets held for sale</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,345</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,141</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,486</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,345</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,141</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2,486</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>As of December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: white"> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>January 1,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Included in</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> earnings</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> OCI</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Purchases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Settlement</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Prepaids</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers in to</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Transfers out of</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Balance,</b></font><font style="FONT-SIZE: 8pt"><br/> <font style="FONT-SIZE: 8pt"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31,</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="10"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities at fair value</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Securities issued or secured by other financial entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 629,994</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (64,739)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 77,263</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (239,769)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,350</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 405,099</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i>Other investments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 10,065</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 9,160</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 62</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> (6,954)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> 2,596</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; 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PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;4,946</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; 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PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;125,632</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(495,525)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;21,267</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;23,129</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;378,385</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interest rate contracts</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;9,319</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(3,170)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;5,014</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(1,858)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;6,004</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;2,287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;17,596</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity contracts</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;337</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-&#160;&#160;&#160;</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;337</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;735,928</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(25,897)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;130,983</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(497,383)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;27,271</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;25,416</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;396,318</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"><i> Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;978,751</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(75,573)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;46,035</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;282,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;(53,139)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;1,178,678</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;978,751</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(75,573)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;46,035</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;282,604</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;(53,139)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;1,178,678</b></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0; FONT-SIZE: 8pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Investment in associates</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt"> &#160;</font></div> </td> <td style="TEXT-ALIGN: right; 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font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.43% to 10.35%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.63%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 225,867</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 235,382</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Liquidity risk</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Premium</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0% to 10.35%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4.48%</font></div> </td> <td style="TEXT-ALIGN: right; TEXT-INDENT: 3.55pt; PADDING-LEFT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 226,007</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 235,228</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Prepayment</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Speed</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 231,087</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 230,152</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 41,776</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.11%) to 0.76%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.81%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 35,305</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 38,282</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Securitizations</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,919</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2.24% to (3.43%)</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (1.19%)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,825</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 11,014</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Time deposit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,118</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1.77% to 1.86%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1.81%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,056</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,184</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>297,049</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,118</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.11%) to 0.76%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.81%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,292</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,985</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>300,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,343,604</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price-based</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative financial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Options</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,249</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Black-Scholes</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Recovery rate</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.06% to 23.75%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4.99%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,142</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,280</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Forward</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 73,069</font></div> </td> <td style="TEXT-ALIGN: center; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>P.A Viva Malls</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 757,886</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price-based</font></div> </td> <td style="TEXT-ALIGN: center; 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Assets held for sale</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,486</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price-based</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal" align="justify"><b>As of December 31,2016</b></div> <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Valuation</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>technique</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Significant</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>unobservable</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>input</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Range</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>of inputs</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 11%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Weighted</b></font><br/> <font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>average</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Amounts in millions of COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt securities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>TIPS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,651</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.23%) to 0.76%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.32%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,484</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,807</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Liquidity risk</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Premium</div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0% to 10.35%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 9.58%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,377</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,687</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Prepayment</div> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="center">Speed</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,557</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,509</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other bonds</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 75,862</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 0.75% to 1.20%</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2.14%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 68,621</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 73,182</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt securities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,350</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.12%)</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.12%)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,297</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,388</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Asset-backed securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 16,895</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.12%)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1.65%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 16,766</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 17,056</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Securities issued by other financial institutions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>117,758</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,929</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Discounted cash flow</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Yield</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.24%)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (0.24%)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,448</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,124</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total&#160;&#160;debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>132,687</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equity securities</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,178,678</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price-based</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> Price</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: middle; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> n/a</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivative fiancial instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div>&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Options</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-size-adjust: none; 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TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Type of instrument</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Fair value hierarchy</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total fair</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> value</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 1</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 2</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Debt securities</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by the Colombian Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,967</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,967</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued or secured by Government entities</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,204</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">528,395</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,350,175</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,895,774</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,336</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">344,200</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,154,372</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,507,908</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">194,606</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,871</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,007</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 228,484</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">172,125</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,421</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,033</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 205,579</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Securities issued by Foreign Governments</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">748,060</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">302,795</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,050,855</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">822,598</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162,626</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 985,224</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Corporate bonds</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">231,601</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">49,694</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">662,313</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 943,608</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">199,331</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">217,435</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 416,766</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total &#150; Debt securities</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,191,471</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 915,722</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,024,495</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,131,688</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,203,390</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 522,247</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,389,840</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,115,477</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Loans and advances to customers and financial institutions, net<sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 149,162,071</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 149,162,071</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">141,595,210</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 141,595,210</font></strong></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,191,471</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 915,722</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,186,566</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 153,293,759</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,203,390</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0075c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 522,247</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 142,985,050</font></strong></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><strong><font color="#0075c0"> 144,710,687</font></strong></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-stretch: normal; font-size-adjust: none" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; TEXT-INDENT: 3.5pt; PADDING-LEFT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="9"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Liabilities</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; TEXT-INDENT: -3.55pt; PADDING-LEFT: 3.55pt; BORDER-RIGHT: black 1pt solid" rowspan="3"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Type of instruments</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2017</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Fair value hierarchy</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total fair</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>value</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Fair value hierarchy</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total fair</b></font><br/> <font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>value</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 2</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 3</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 1</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 2</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Level 3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="9"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Deposits by customers</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 9%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (30,440,868)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (102,338,862)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(132,779,730)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (20,534,986)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (104,561,424)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; WIDTH: 8%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(125,096,410)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Interbank deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (1,084,591)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,084,591)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (341,856)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(341,856)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Repurchase agreements and other similar secured borrowing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (3,236,128)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(3,236,128)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (1,924,010)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,924,010)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Borrowings from other financial institutions</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (13,822,152)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(13,822,152)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (18,905,843)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(18,905,843)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Preferred shares</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (662,999)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(662,999)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (565,676)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(565,676)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt securities in issue</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (8,999,118)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (9,548,502)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (2,222,270)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(20,769,890)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (7,068,228)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (10,228,190)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> (1,774,667)</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(19,071,085)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(8,999,118)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(39,989,370)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(123,367,002)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(172,355,490)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(7,068,228)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(30,763,176)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(128,073,476)</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,117,192); font-stretch: normal; font-size-adjust: none;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(165,904,880)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; WIDOWS: 2; TEXT-TRANSFORM: none; MARGIN-TOP: 0px; TEXT-INDENT: 0px; WIDTH: 100%; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman', Times, serif; ORPHANS: 2; MARGIN-BOTTOM: 0px; BORDER-TOP: #000000; BORDER-RIGHT: #000000; WORD-SPACING: 0px; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left"> <div><i>(1)</i></div> </td> <td style="BORDER-BOTTOM: #000000; TEXT-ALIGN: justify; BORDER-LEFT: #000000; BORDER-TOP: #000000; BORDER-RIGHT: #000000"> <div><i>The amount of COP 140,398,685 disclosed as the fair value of the line &#8220;loans and advances to customers and financial institutions, net&#8221; in the Bank&#8217;s annual report in 2016 has been changed for COP 141,595,210 due to changes introduced in the methodology used by the Bank to estimate the fair value of the loan portfolio in the year 2017.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,112,192); font-stretch: normal; font-size-adjust: none" align="justify"><b>Credit Quality Analysis of the Group</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid" colspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Debt Securities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid" colspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Equity</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Derivatives</b><sup style="font-style:normal">1</sup></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 19%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Maximum Exposure to Credit Risk</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Low Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 12,475,888</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 9,134,939</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 780,870</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 792,323</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 349,375</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 765,355</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Medium Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,842,454</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,695,848</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 11,111</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 181</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 94</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>High Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 336,054</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 647,709</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,939</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 602</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,679</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,640</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Without&#160;&#160;Rating</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 205,027</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 227,067</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 728,504</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 610,788</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 106,705</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 12,741</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Total</i></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>457,940</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>779,830</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><sup style="font-style:normal">1</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. Therefore, the value described here differs from the book value.</i></div> </td> </tr> </table> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1617158000000 2557679000000 Companies with annual sales > = COP 20,000 M and < COP 45,000 M except for Banco Agricola, which places borrowers with annual sales >= USD 1M and < USD 25 M and their main activity is in El Salvador. 8456681000000 5798689000000 2352801000000 17295913000000 16685814000000 0 0 0 535020000000 0 0 0 758879000000 758879000000 163778000000 802000000 44740000000 209320000000 2410209000000 2672712000000 6156094000000 6906480000000 18145495000000 2573987000000 2673514000000 6156094000000 8245119000000 0 0.1300 0.0575 0.0331 0.0449 0.0339 0.0339 0.1555 0.0588 20510 0.0708 0.0792 1060 0.0008 0.1286 111250 27650 4938711000000 1641169000000 11895448000000 0.0200 0.0500 0.2200 3738353000000 1623733000000 4461571000000 9823657000000 0.0300 0.0300 0.300 0.1500 124139000000 46627000000 1316480000000 1487246000000 81796000000 2610446000000 114361000000 -281388000000 -2533000000 -204296000000 -74559000000 44690000000 0 44690000000 0 116752000000 2493000000 50673000000 63586000000 904000000 -14000000 1008000000 -90000000 -352546000000 -5040000000 -209271000000 -138235000000 17741000000 503094000000 324495000000 845330000000 0 70681000000 0 70681000000 0 -24296000000 0 -24296000000 -99000000 -1798000000 -1807000000 -3704000000 17642000000 547681000000 322688000000 888011000000 18620000000 1032334000000 340582000000 1391536000000 0 122729000000 0 122729000000 0 -636826000000 0 -636826000000 -879000000 -15143000000 -16087000000 -32109000000 0 -783950000000 0 -783950000000 0 641989000000 0 641989000000 2578000000 71540000000 75658000000 149776000000 45000000 9205000000 1099000000 10349000000 0.1 0.035 33661000000 5495000000 3363000000 1939000000 1418000000 -26000000 15078000000 1934000000 19705000000 2118000000 0 -60000000 22255000000 -2303000000 -3253000000 0 98000000 0 179332000000 152054000000 14816000000 11917000000 0.0050 12602000000 338410000000 184453000000 15208000000 298798000000 249936000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0px" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Loans are written off when the Bank concludes there is no a realistic expectation of recovery of the principal and receivables balances from a client or third party. In general, this characteristic will be fulfilled when the following delinquency conditions are present:<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="center"> <table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="90%"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; WIDTH: 30%; PADDING-RIGHT: 2pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt" valign="bottom" width="30%"> <div style="CLEAR:both;BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"> <div style="CLEAR:both;BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align="center"><b><i><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> Type</font></i></b></div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; WIDTH: 70%; PADDING-RIGHT: 2pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt" valign="bottom" width="70%"> <div style="CLEAR:both;BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"> <div style="CLEAR:both;BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align="center"><b><i><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: #0075c0; FONT-SIZE: 10pt"> Length of delinquency</font></i></b></div> </div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Consumer</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 180 days, 450 for vehicles in BAM, 720 for loans with mortgage guarantee in Banco Agricola</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Commercial</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 360 days</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Small Business Loan</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 180 days, 720 for loans with guarantee in Banistmo</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> Mortgage</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: transparent; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 2pt"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 10pt"> 1.620 days. For Banistmo and Banco Agr&#237;cola from 720 days. BAM 1440 days.</font></div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 180 days, 450 for vehicles in BAM, 720 for loans with mortgage guarantee in Banco Agricola 180 days, 720 for loans with guarantee in Banistmo 0 78189000000 94121000000 172310000000 0 187682000000 125884000000 313566000000 0 357000000 15000000 372000000 0 2816000000 609000000 3425000000 236236000000 22651000000 236236000000 22651000000 236236000000 22651000000 0 0 757886000000 757886000000 0 0 388595000000 388595000000 0 0 757886000000 757886000000 0 0 388595000000 388595000000 92102000000 29034000000 71955000000 72682000000 0 29008000000 55573000000 1657409000000 1275566000000 229480000000 52543000000 96756000000 27608000000 -71256000000 0 29008000000 1355717000000 225972000000 0.0224 -0.0343 297049000000 3118000000 300167000000 232012000000 32305000000 -500000000 263817000000 1343604000000 757886000000 2486000000 1178678000000 0.0076 10065000000 9160000000 0 62000000 6954000000 0 2596000000 0 14929000000 0.2005 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following shows the loans according to past due days. A loan is considered past due if it is more than one month overdue (i.e. 31 days):</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Past-due</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 - 90 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 - 120 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 - 360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Commercial</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">85,747,936</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">570,412</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">130,613</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,573,899</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">974,381</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">88,997,241</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Consumer</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,942,380</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">764,098</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">236,509</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">584,789</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">118,338</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">27,646,114</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Mortgage</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,751,121</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">752,336</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,188</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">396,227</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">472,336</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,512,208</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Financial Leases</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,480,161</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">215,685</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">61,700</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">238,030</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">253,375</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,248,951</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Small Business Loan</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">916,298</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">39,178</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,753</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70,977</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">24,374</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,063,580</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 152,837,896</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,341,709</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 581,763</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,863,922</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,842,804</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Past-due</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 - 90 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 - 120 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 - 360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">84,353,343</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">361,110</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">116,876</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">857,622</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">570,757</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">86,259,708</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,624,937</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">609,278</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">168,018</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">443,530</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">79,516</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,925,279</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,746,163</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">639,346</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">132,330</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">284,214</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">353,799</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,155,852</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,695,617</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">149,214</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,238</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">160,557</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">313,297</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,343,923</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">943,393</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">42,941</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,639</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,382</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,369</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,062,724</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 146,363,453</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,801,889</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 454,101</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,792,305</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,335,738</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 13.5pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 5647000000 3806554000000 1509014000000 0.3300 1264077000000 1150212000000 0.7600 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0px; MARGIN: 0px; FONT: 16pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>NOTE 31. RISK MANAGEMENT</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#8217;s comprehensive risk management is developed in compliance with current regulations and internal standards as defined by the Board of Directors, in relation to market, credit/ counterparty, liquidity and operational risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Board of Directors reviews and approves the resources, structure and processes of the Bank associated with risk management, and the development of its supervisory functions has the support of the Risk Committee in charge of the approval, monitoring and control of policies, methodologies, tools, guidelines and strategies for the identification, measurement, control and mitigation of risks.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Risk Corporate Vicepresidency professionals manage the different risks inherent to the activities undertaken in the fulfillment of their responsibilities.&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>31.1 Credit risk</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; 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PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,360,075</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;Financial Guarantees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,701,643</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,701,643</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Loan Commitments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 15,658,432</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> -</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 15,658,432</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Other Financial Instruments <sup style="font-style:normal"> (1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 16,837,677</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (2,867,247)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,970,430</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt Securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 14,859,423</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (2,741,345)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,118,078</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 457,940</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> (125,902)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 332,038</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity Securities<sup style="font-style:normal">(2)</sup></i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,314</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,314</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 199,665,846</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (73,989,985)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 125,675,861</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 40%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Maximum exposure</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Net exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and Financial Leases</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (68,627,160)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 83,120,326</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">86,259,708</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (28,801,285)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">57,458,423</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,925,279</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (5,917,791)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,007,488</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,155,852</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (18,193,999)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">961,853</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Small Business Loans</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,062,724</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(296,816)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">765,908</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,343,923</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (15,417,269)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,926,654</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Off-Balance Sheet Exposures</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,499,545</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> -</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 15,499,545</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Financial Guarantees</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,344,004</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,344,004</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;Loan Commitments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,155,541</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,155,541</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Other Financial Instruments <sup style="font-style:normal"> (1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,900,216</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (1,384,764)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,515,452</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt Securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,705,563</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> (1,137,457)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,568,106</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivatives</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">779,829</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">(247,307)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">532,522</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity Securities</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #161616;FONT-FAMILY:Times New Roman, Times, Serif"> 1,414,824</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #161616;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,414,824</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 181,147,247</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (70,011,924)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 111,135,323</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #262626"> <i><sup style="font-style:normal">(1)</sup></i></font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Collateral Held (-) and Collateral Pledged (+).</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #262626" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i><sup style="font-style:normal">(2)</sup></i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Includes investments classified as &#8220;assets held for sale&#8221;. See Note 12 Assets held for sale and inventories, net.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Maximum exposure to credit risk of the loans and advances refers to the carrying amount at the end of the period. It does not take into account any collateral received or any other credit risk mitigates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Maximum exposure to credit risk of financial guarantees corresponds to the total amount guaranteed at the end of the period. This amount represents the worst case scenario and does not reflect the expected results.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Maximum exposure to derivatives refers to the fair value at the end of the period, without considering any guarantee received or any other credit risk mitigates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Maximum exposure to credit risk of debt securities and equity securities refers to the carrying amount at the end of the period without considering any guarantee received.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>a.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Credit Risk Management - Loans and Advances</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Risk management during the credit life cycle is developed through the fulfillment of the policies, procedures and methodologies stipulated in the Credit Risk Administration System, in accordance with the strategy approved by the Board of Directors for monitoring and controlling credit risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Credit Risk Administration System also contains the general criteria to evaluate, classify, measure and mitigate credit risk. In addition, the credit risk department has developed methodologies and manuals that specify the policies and procedures for different products and segments managed by the Bank.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">To maintain credit quality and manage the risk arising from its lending activities, the Bank has established general loan policies, including the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Credit exposure limits:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">It contains guidelines with regards to the establishment of credit exposure limits. It is set in fulfillment of legal requirements and according to Bancolombia internal guidelines.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Origination policies:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">These policies aim to acquire ample and sufficient knowledge of the characteristics of potential borrowers and to select them properly. The riskiness of the borrowers is determined using credit rating models. These models use information such the character, reputation and credit history of the borrower, the type of business the borrower engages in, the borrower&#8217;s ability to repay the loan, and information received from the credit risk bureaus. The credit risk rating system is also used in determining the allowance for loans and advances and lease losses.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">Loan applications, depending on their amount, are presented for approval at the level of management authority required.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Collaterals policies</b></font><b><font style="FONT-FAMILY:Times New Roman, Times, Serif">:</font></b> <font style="FONT-FAMILY:Times New Roman, Times, Serif">For the purpose of mitigating risk associated with non-fulfillment of obligations agreed upon by the borrower, the Bank has established policies for the valuation of collateral received as well as for the determination of the maximum loan amount that can be granted against the value of the collateral.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance policies:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">the objective of this policy is to fulfil legal requirements and the Bank&#8217;s business policies. In addition, this policy is meant to provide the guidelines to perform client&#8217;s status analysis and take the necessary actions in order to mitigate credit risk the Bank is exposed to.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Monitoring policies:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">Contains various monitoring procedures, portfolio reports and policies for the purpose of overseeing, in an adequate and timely manner, the evolution of credit risk. These procedures include a continuous process of classification and reassessment of credit operations and they maintain consistency with the policies implemented for granting loans.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Portfolio recovery policies:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">Through the definition of these policies, the organization aims to establish those mechanisms that allow it to anticipate the action to be taken in the event of possible delays and minimize the impact resulting from non-fulfillment of payment or delays by the borrower. Additionally, the aspects established in this policy delimit what the organization has defined as collection management and that make it possible to obtain information to improve the origination policies and the allowances for loans and advances and lease losses models.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Management of credit risk is carried out in all of the credit life cycle. These processes are defined in the following way:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Origination:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">Knowing the borrower, payment capacity analysis, payment behavior and credit approval and structure.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Monitoring:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">Knowing the borrower&#8217;s situation during the life of the credit.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Recovery:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">Collection management during the different stages of the same credit.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to withstand the credit origination processes, the Bank develops scoring and rating models based on statistical information or criteria from experts, which differentiate the risk levels of potential borrowers in order to support the decision making process.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Risk Corporate Vice Presidency is in charge of defining and documenting the specific characteristics of the models being utilized, as well as the parameters, variables to use in each case and the cut-off points that are applied per situation in the process of issuing credit. On an annual basis at the minimum, the Risk Corporate Vice Presidency must perform backtesting<sup style="font-style:normal">1</sup> of the scoring and rating models used in the granting process in order to evaluate their effectiveness. Additionally, on a periodically basis, the entire credit portfolio will be rated taking into account the established internal models for the purpose of evaluating the credit risk of each borrower and constitute the required allowance for loans and advances and lease losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In addition to the evaluation and qualification of the portfolio, the monthly allowance for loans and advances and lease losses serves to measure the present condition of the portfolio, the methodologies used for its calculation serve as a tool to evaluate risk, be it in a collective or individual manner. Collective evaluation of the portfolio applies the following parameters for measuring risk: probability of default (PD), loss given default (LGD) and exposure at default (EAD).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The individual risk analysis is applied to impaired borrowers with significant loan carrying amount larger than COP 5.000 million (USD 1.5 million for foreign subsidiaries); the evaluation relies on the borrower&#8217;s projected cash flows. The basic projection assumptions are based on a qualitative analysis and are supported by the AEC<sup style="font-style:normal">2</sup> committee information and takes account the consultation with the Commercial Managers. In the case where the loan is considered collateral-dependent, an allowance for loans and advances and lease losses is provided when the fair value of collateral is lower than the book value.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Annual backtesting must be performed on the allowances for loans and advances and lease losses models for the purpose of maintaining suitable hedge levels in accordance with the Bank&#8217;s risk appetite.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank is continuously monitoring the concentration of the risk groups, as well as carrying out a daily control of the exposure to different economic groups, evaluating the legal limits of indebtedness in order to fulfill the norms established about the concentration limits.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank performs international references determined by the rankings of external risks that allow the analysis of concentration levels in different geographic areas. On the other hand, at the legal level, the Bank is governed by the concepts and methodologies established by the external norms regarding the construction, administration and control of the concentration of economic groups.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following classifications are established for the analysis of concentration:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>By country</b></font><b><font style="FONT-FAMILY:Times New Roman, Times, Serif">:</font></b> <font style="FONT-FAMILY:Times New Roman, Times, Serif">based on the country that the loans were originated.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>By sector:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">done according to the sectorial sub-segmentation defined by the Bank based mainly on the code CIIU<sup style="font-style:normal">3</sup>.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>By categories:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">refers to the portfolio categories of each agreement (commercial, financial leases, consumer loans, small business loans and mortgages).</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>By economic group:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">according to the characteristics of economic groups as established by regulations.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>By maturity:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">consistent with the remaining term to loan maturity.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>By past due days:</b></font> <font style="FONT-FAMILY:Times New Roman, Times, Serif">this concentration evaluates loans that are more than one month overdue.</font></div> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: #000000 1px solid; FONT-STYLE: normal; WIDTH: 25%; HEIGHT: 1px; FONT-SIZE: 1px"> </div> </div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> 1</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Statistical procedures used to validate the quality and accuracy of a model, through the comparison of actual results and risk measures generated by the models.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> 2</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>AEC: &#8220;Administraci&#243;n Especial de Clientes&#8221;. It&#8217;s a committee that meets periodically to identify current situations or anticipate future situations that might generate a possible deterioration in the client&#8217;s.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -7.1pt; MARGIN: 0px 0px 0px 7.1pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><sup style="font-style:normal"> 3</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>CIIU: International Standard Industrial Classification of All Economic Activities.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>b.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Credit Quality Analysis - Loans and Financial Leases</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Rating System for Credit Risk Management</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Its principal aim is to determine the risk profile of the borrower, which is obtained through a rating.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The rating for corporate loans is assigned principally based on the analysis of the interrelation of both qualitative and quantitative elements that can affect the fulfillment of the financial commitments acquired by a borrower. They take information on the financial statements, profit and loss statement, historical payment behavior both with the Bank and with other entities, and qualitative information on variables that are not explicit in the financial statements. The rating model is applied at the origination of the loan and is updated by a central qualification office to undertake a periodical evaluation of the loan portfolio, during the months of May and November each year.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the case of a retail customer, granting and behavior scoring models are used in order to identify the level of risk associated with the borrower. These models include information as personal details, financial information, historical behavior, the total number of credit products and external information from credit bureaus.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As the subsidiaries have their own internal rating models, for purposes of assessing the consolidated credit risk in a homogeneous bases, the Bank has established the following categories of risk in order to classify borrowers according to their payment behavior:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 27%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Category</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 73%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Description</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">A- Normal Risk</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loans and advances in this category are appropriately serviced. The borrower&#8217;s financial statements or its projected cash flows, as well as all other credit information available to the Bank, reflect adequate paying capacity.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">B- Acceptable Risk</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loans and advances in this category are acceptably serviced and guaranty protected, but there are weaknesses in the payment capacity of the borrower which may potentially affect, on a temporary or permanent basis, the borrower&#8217;s ability to pay or its projected cash flows, to the extent that, if not timely corrected, would affect the normal servicing of the loans and advances.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">C- Appreciable Risk</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loans and advances in this category represent insufficiencies in the borrower&#8217;s paying capacity or in the projected cash flow, which may compromise the normal servicing of the loans and advances.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">D- Significant Risk</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loans and advances in this category have the same deficiencies as loans in category C, but to a larger extent; consequently, the probability of collection is highly doubtful.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">E- Unrecoverable</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Loans and advances in this category are deemed uncollectible.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Description of Loans and Financial Leases</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to evaluate and manage credit risk, the credits and financial leasing operations have been classified as:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Commercial and Financial Leases:</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Loans granted to individuals or companies in order to carry out organized economic activities and are not classified as small business loans.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The borrower of this portfolio is mainly made up of companies, segmented in homogenous groups that are constituted according to size, annual sales or main activity. The following variables are part of this classification:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 16%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Segment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 84%; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Incomes/Sales</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Business</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Companies with annual sales &gt; = COP 20,000 M and &lt; COP 45,000 M except for Banco Agr&#237;cola, which places borrowers with annual sales &gt;= USD 1M and &lt; USD 25 M and their main activity is in El Salvador.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Business Construction</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Constructors who dedicate themselves professionally to the construction of buildings to be sold as their main activity, with annual sales &gt;= COP 20,000 M and &lt;= COP 45,000 M or with more than three projects.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Corporate Construction</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Constructors who dedicate themselves to the construction of buildings to be sold as their main activity, with annual sales &gt; COP 45,000 M or more than five projects</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Corporate</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Companies with annual sales &gt;= COP 45,000 M., Banistmo places borrowers with annual sales &gt;to USD 10 M in this classification and Banco Agr&#237;cola places borrowers with annual sales &gt;= USD 25 M and their main activity is in El Salvador.</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Institutional Financing</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Financial sector institutions.</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Government</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Municipalities, districts, departments with their respective decentralized organizations and entities at the national level.</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">SME</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Annual sales &lt; COP 20,000 M, with a classification between small, medium, large and plus except for Banistmo which place companies that do not surpass USD 10 M in annual sales in this classification.</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; 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These loans include loans denominated in local units or local currency that are guaranteed by a senior mortgage on the property and that are financed with a total repayment term of 5 to 30 years.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The counterparty of the mortgage loan is mainly made up of individuals segmented in homogenous groups, which are formed according to their size, which is calculated by their monthly income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business Loans:</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">These are issued for the purpose of encouraging the activities of small business and most comply with the segmentation conditions.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The borrower of this portfolio is mainly made up of individuals, segmented in homogenous groups, which are formed according to their commercial size, which is calculated by their monthly income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal" align="justify"><strong>Analysis of the behavior and impairment of the loan portfolio and financial lease operations</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">As of December 31, 2017, bank&#8217;s total loan portfolio shows a moderate growth, explained mainly by Bancolombia and Banistmo. The disbursements presented an increase of 13.00% compared to the previous year, equivalent to an increase of 5.75% of the portfolio valued in pesos. The events that are worth to highlight in 2017 were: lower macroeconomic dynamics in Colombia and Panam&#225;, in addition to credit impairments in Colombian sectors as natural resources, infrastructure, massive transport systems and the SME segment, triggering a direct impact on the portfolio, evidenced in all credit lines. The previous described events led to an increase in the 30-day past due loan ratio (consolidated), from 3.31% in 2016 to 4.49% for 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 13.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192);FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Commercial loans and finance lease amounted to COP 111,250 billion, which represented an increase of 3.39% with respect to 2016. Its 30-day past due loan ratio was 3.39%, explained mainly by credit impairments of certain corporate clients with significant credit exposure, in addition to the generalized credit deterioration of the SME segment in Colombia.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 13.5pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 13.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192);FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Consumer loans stood at COP 27,650 billion, which represented an increase of 15.55% with respect to 2016. 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Its 30-day past due loan ratio was 7.92%.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 13.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192);FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> Microcredit portfolio ended at COP 1,060 billion, which represented an increase of 0.08% with respect to 2016. Its 30-day past due loan ratio was 12.86%.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 13.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192);FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">In order to monitor credit risk associated with clients, Grupo Bancolombia has established regular meetings conducted by a committee to identify events that can lead to a reduction in borrowers&#8217; ability to pay. Generally, clients with good credit behavior could be included in the watch list in case of detecting any event that can lead to future financial difficulties to repay their loans; for instance, internal factors as the economic activity, financial weakness, impacts of macroeconomic conditions, changes in corporate governance and other situations that could affect clients&#8217; business. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The amount and allowance of clients included in the described watch list, as of December 31, 2016 and 2017 is shown below.</font></div> <div style="CLEAR:both;CLEAR: both">&#160;</div> <div style="CLEAR:both;CLEAR: both">During 2017, risk level 4 was created for nonperforming clients without any financial, operational or commercial viability, where the objective is to obtain the highest possible portfolio recovery by judicial means, in order to reduce or end the commercial relationship given their inability to pay.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in" valign="bottom" colspan="4"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-SIZE: 10pt">Watch List December 31 2017</font></b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in" valign="bottom" colspan="4"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-SIZE: 10pt">Million COP</font></b></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="28%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><b><font style="FONT-SIZE: 10pt">Risk Level</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="24%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-SIZE: 10pt"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amount</font></b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; 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BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 1 - Low Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">4,938,711</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">2.00%</font></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">114,361</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 2 - Medium Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,641,169</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">5.00%</font></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">81,796</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 3 - High Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">3,806,554</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">33.00%</font></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,264,077</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 4 - High Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,509,014</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">76.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,150,212</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">Total</font></b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">11,895,448</font></b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">22.00%</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">2,610,447</font></b></div> </td> </tr> </table> &#160;&#160; <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Watch List&#160;December 31 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Million COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Risk Level</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Amount</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Allowance</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Level 1 &#150; Low Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160; 3,738,353</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 124,139</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Level 2 &#150; Medium Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160; 1,623,733</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 46,627</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Level 3 and 4 &#150; High Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160; 4,461,571</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30.00%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,316,480</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;&#160;&#160;&#160;&#160; 9,823,657</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15.00%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;&#160;&#160;&#160;&#160; 1,487,246</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Loans and Financial Leases Collateral</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank obtains collateral for loans and leases in order to mitigate credit risk by foreclosing the collateral when the borrower cannot fully repaid the loan or lease. Collateral is considered in the determination of the allowance for loans and advances and lease losses when it complies with the following conditions:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.5pt"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 18pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Their fair value is enough to cover the exposure of the obligation and was established according to technical and objective criteria.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.5pt"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 18pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">The entity is granted a preference or an improved right to obtain the payment of the obligation, becoming an effective collateral.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.5pt"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 18pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Its performance is reasonably possible.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.5pt"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 18pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">They are a payment source that sufficiently attends to the credit as per the requirement of the Bank.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.5pt"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 18pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">When the borrower is a government entity, the collateral has to have a pledge certificate issued by the appropriate authority.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank has defined the criteria for the collateral enforceability, which are established according to the classification of loan portfolio. Besides, the Bank has set guidelines to value collaterals and the frequency of such valuations, as well as those guidelines related to the legalization, registry and maintenance of the collateral. Likewise, the Bank has defined the criteria for insurability, custody and the necessary procedures for their cancellation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The update of the fair value of mortgages and vehicles collaterals for the loan portfolio is made between one and three years of agreement with the policy. The methodology used to estimate the fair value of the properties is applied by external and independent entities. Updating the fair value of the vehicles is done through guides and valid values commonly used as reference to set the value of a vehicle. The fair value of real state and vehicles are classified in levels 2 and 3 depending on the observability and significance of the inputs used in the valuation techniques according to the hierarchy established by IFRS 13.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table shows loans and financial leases, classified in commercial, consumer, mortgage, financial leases and small business loans, and disaggregated by type of collateral:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Amount Covered by Collateral</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Nature of the Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Leasing</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real Estate and Residential</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,529,154</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,572,455</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,959,433</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">273,248</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">40,334,290</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Real Estate Leasing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,725,197</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,392,075</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,117,272</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Leasing Other Than Real Estate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,124,246</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">112,724</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">577,447</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,814,417</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Stand by Letters of Credit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">455,793</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">455,793</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Security Deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">779,008</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">300,730</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">56,588</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,136,326</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantee Fund</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,583,354</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">147</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">301,045</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,884,546</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Sovereign of the Nation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,710</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,710</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collection Rights</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,220,882</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">41,597</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,119</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,263,598</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other Collateral (Pledges)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,163,456</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,887,548</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">32,524</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,227</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,103,786</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Without Guarantee (Uncovered Balance)</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,403,441</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,730,913</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,520,251</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,279,398</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">411,353</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">89,345,356</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,997,241</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,646,114</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,512,208</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,248,951</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,063,580</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Amount Covered by Collateral</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In Millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Nature of the Collateral</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Leasing</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 12%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Real Estate and Residential</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,359,267</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,493,231</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,862,248</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">215,889</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">37,930,635</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Real Estate Leasing</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,231,286</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,231,286</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Goods Given in Leasing Other Than Real Estate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,185,983</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,185,983</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Stand by Letters of Credit</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">206,453</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">206,453</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Security Deposits</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,015,605</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">280,543</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">59,029</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,355,177</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Guarantee Fund</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,542,666</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">53</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">308,532</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">348</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,851,599</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Sovereign of the Nation</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,421</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,421</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Collection Rights</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,896,981</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">35,816</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,230</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,934,027</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other Collateral (Pledges)</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,754,892</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,108,148</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,219</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,320</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,906,579</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Without Guarantee (Uncovered Balance)</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">57,458,423</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,007,488</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">961,853</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,926,654</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">765,908</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; 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FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Foreclosed assets and other credit mitigants</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Assets received in lieu of payment (foreclosed assets) are recognized on the statement of financial position when current possession of the asset takes place.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Foreclosed assets represented by immovable or movable property are received based on a commercial valuation. 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When there are market restrictions that do not allow their realization in less than 12 months and this period is extended, retroactive depreciation must be charged to results and the asset value will be reduced by the depreciation value.</div> &#160; <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>c.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Risk Concentration &#150; Loans and Advances</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The analysis of credit risk concentration is done by monitoring the portfolio by groups such as: maturity loan, past due loan, loan categories and loan by sector and risk country, as shown here:</div> <div style="CLEAR:both; 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TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,997,241</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 86,259,708</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">58,661,267</font></div> </td> <td style="white-space:nowrap; 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BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,151,915</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,875,547</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,646,114</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,925,279</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit card</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,255,277</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,784,658</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicle</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,915,705</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,058,653</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Payroll loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,970,783</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,080,660</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,504,349</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,001,308</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,512,208</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,155,852</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>VIS</i><sup style="font-style:normal">1</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,491,926</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,017,520</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Non- VIS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,020,282</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,138,332</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,248,951</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,343,923</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Small Business Loan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,063,580</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,062,724</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances to customers and financial institutions</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance for loans and advances and lease losses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (8,223,103)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> (6,621,911)</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total net loan and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 152,244,991</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,125,575</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"> </sup></i>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><sup style="font-style:normal"></sup></i> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;WIDTH: 25%; FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid"> <i><sup style="font-style:normal"></sup></i></div> <i><sup style="font-style:normal">1</sup> VIS: Social Interest Homes, corresponds to mortgage loans granted by the financial institutions of amounts less than 135 SMMLV.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" align="left">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 13.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Concentration of loan by maturity</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table shows the ranges of maturity, understood as the remaining term for the completion of the contract of loans and financial leases:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Maturity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Less Than 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 3</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Greater Than 5</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 26,641,770</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,583,956</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,561,261</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,210,254</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 88,997,241</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,054,923</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,588,101</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,533,725</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,484,518</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">58,661,267</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>SME</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,568,251</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,684,612</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,973,761</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,957,435</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,184,059</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,018,596</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,311,243</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,053,775</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,768,301</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,151,915</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,393,022</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,826,773</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,035,699</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,390,620</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,646,114</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit card</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">761,294</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,104,571</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,384,220</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,005,192</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,255,277</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicle</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">67,118</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">718,610</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,499,980</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">629,997</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,915,705</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Payroll loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">52,087</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">692,079</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,325,911</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,900,706</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,970,783</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">512,523</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,311,513</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,825,588</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,854,725</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,504,349</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 50,102</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 148,851</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 389,456</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,923,799</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,512,208</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>VIS</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,238</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">40,182</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">93,917</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,345,589</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,491,926</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Non-VIS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">37,864</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">108,669</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">295,539</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,578,210</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,020,282</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,101,344</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,698,394</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,546,370</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,902,843</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,248,951</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Small business loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 232,596</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 479,646</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 182,893</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 168,445</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,063,580</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total gross loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 31,418,834</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 27,737,620</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 29,715,679</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 71,595,961</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 35%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Maturity</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Less Than 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Year</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 1</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 3 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Between 3</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and 5 Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Greater Than 5</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Years</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 13%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Commercial</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,011,992</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,458,578</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13,494,101</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 32,295,037</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 86,259,708</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Corporate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,679,076</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,032,332</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,385,002</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,765,943</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,862,353</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>SME</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,549,984</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,711,371</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,145,824</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,114,629</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,521,808</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,782,932</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,714,875</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,963,275</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,414,465</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,875,547</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Consumer</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 692,986</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,873,973</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 9,713,953</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,644,367</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 23,925,279</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Credit card</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">189,648</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,465,599</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,363,351</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,766,060</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,784,658</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Vehicle</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">68,174</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">644,217</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,516,701</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">829,561</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,058,653</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Payroll loans</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,849</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">589,925</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,314,077</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,129,809</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,080,660</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Others</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">388,315</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,174,232</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,519,824</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">918,937</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,001,308</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Mortgage</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 37,068</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 130,429</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 309,167</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 18,679,188</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 19,155,852</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>VIS</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,151</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,615</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">81,807</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,878,947</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,017,520</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Non-VIS</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,917</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">84,814</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">227,360</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,800,241</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,138,332</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,389,108</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,719,026</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,168,629</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 12,067,160</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,343,923</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Small business loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 128,025</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 604,831</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 161,559</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 168,309</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,062,724</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total gross loans and financial leases</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 22,259,179</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 30,786,837</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 26,847,409</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 71,854,061</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Concentration by past due days</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The following shows the loans according to past due days. A loan is considered past due if it is more than one month overdue (i.e. 31 days):</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Past-due</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 - 90 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 - 120 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 - 360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Commercial</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">85,747,936</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">570,412</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">130,613</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,573,899</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">974,381</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">88,997,241</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Consumer</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,942,380</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">764,098</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">236,509</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">584,789</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">118,338</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">27,646,114</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Mortgage</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,751,121</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">752,336</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,188</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">396,227</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">472,336</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,512,208</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Financial Leases</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,480,161</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">215,685</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">61,700</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">238,030</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">253,375</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,248,951</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">Small Business Loan</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">916,298</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">39,178</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,753</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70,977</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">24,374</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,063,580</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 152,837,896</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,341,709</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 581,763</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,863,922</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,842,804</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Past-due</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 - 90 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 - 120 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 - 360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">84,353,343</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">361,110</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">116,876</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">857,622</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">570,757</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">86,259,708</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,624,937</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">609,278</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">168,018</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">443,530</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">79,516</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,925,279</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,746,163</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">639,346</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">132,330</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">284,214</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">353,799</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,155,852</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,695,617</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">149,214</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,238</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">160,557</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">313,297</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,343,923</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">943,393</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">42,941</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,639</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,382</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,369</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,062,724</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 146,363,453</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,801,889</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 454,101</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,792,305</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,335,738</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 13.5pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 13.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Concentration of loans by economic sector</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 13.5pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is the detail of the credit portfolio by main economic activity of the borrower:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" rowspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Economic sector</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Local</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Foreign</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Agriculture</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,533,671</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,171,525</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,705,196</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Petroleum and Mining Products</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">909,127</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">65,991</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">975,118</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Food, Beverages and Tobacco</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,640,910</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">808,493</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,449,403</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Chemical Production</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,341,248</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">172,763</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,514,011</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Government</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,780,686</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">151,879</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,932,565</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Construction</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15,464,605</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,164,321</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,628,926</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Commerce and Tourism</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,115,018</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,520,546</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">23,635,564</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Transport and Communications</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,307,712</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">602,962</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,910,674</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Public Services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,180,634</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,472,215</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,652,849</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Consumer Services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31,367,376</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,719,168</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">48,086,544</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Commercial Services</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,248,665</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,993,836</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,242,501</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other Industries and Manufactured Products</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,367,961</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,366,782</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,734,743</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 117,257,613</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 43,210,481</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" rowspan="2" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Economic sector</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Loans and advances</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Local</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Foreign</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Agriculture</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,360,479</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 2,210,219</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,570,698</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Petroleum and Mining Products</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,670,126</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 96,463</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,766,589</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Food, Beverages and Tobacco</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,992,305</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 556,798</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,549,103</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Chemical Production</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,184,196</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 218,010</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,402,206</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Government</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,426,089</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 204,429</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,630,518</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Construction</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,122,163</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,496,434</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 18,618,597</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Commerce and Tourism</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 15,953,310</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 6,056,928</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 22,010,238</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Transport and Communications</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 7,484,105</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 740,379</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,224,484</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Public Services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,013,469</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,626,201</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 9,639,670</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Consumer Services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 28,673,632</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 13,116,938</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 41,790,570</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Commercial Services</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 15,186,857</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 5,753,166</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 20,940,023</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Other Industries and Manufactured Products</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 6,141,378</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,463,412</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,604,790</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>109,208,109</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>42,539,377</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>151,747,486</b></font></div> </td> </tr> <tr> <td> <div style="CLEAR:both;CLEAR: both"></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Credit concentration by country</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The table below shows the concentration of the loans and advances by country. Loans are presented based on the country that they were originated:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Allowance for loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and advances and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>lease losses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Colombia</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 112,862,226</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70.30%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,164,085</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">87.10%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Panama</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">28,722,853</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17.90%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">507,181</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6.20%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>El Salvador</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,120,415</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.70%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">358,258</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4.40%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Puerto Rico</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">847,767</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.50%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14,941</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.20%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Guatemala</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,902,627</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.50%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">177,895</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2.10%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other countries</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,206</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.10%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">743</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.00%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,223,103</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 22%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Country</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Loans and advances</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 19%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Allowance for loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>and advances and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>lease losses</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 20%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>% Participation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Colombia</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 102,011,845</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">67.22%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,369,122</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">81.08%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Panama</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">31,216,172</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20.57%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">783,883</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11.84%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>El Salvador</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,879,815</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.85%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">345,364</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.22%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Puerto Rico</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,220,689</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.80%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,218</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.15%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Peru</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">140,114</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.09%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,958</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.15%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Guatemala</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,265,518</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.45%</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">102,772</font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1.55%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other countries</i></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13,333</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.02%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">594</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">0.01%</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,621,911</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 100.00%</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Credit concentration by economic group</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>&#160;&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As of December 31, 2017 and 2016, concentration of the 20 largest economic groups amounted to COP 19.2 billion and COP 17.3 billion, respectively. This exposure corresponds to all credit active operations of these groups.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b>d.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Credit quality &#150; Loans and Advances</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table shows information about current, past due and impaired loans:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31 2017</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Risk Category</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due loan</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>that are</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>A- Normal Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 139,543,463</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">224,259</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">783,333</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,108</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 140,558,163</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>B- Acceptable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5,986,958</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,265,787</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,848,716</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">88,508</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,189,969</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>C- Appreciable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,770</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">715</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,932,948</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">901,271</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,844,704</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>D- Significant Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,167,928</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,289,030</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,456,958</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>E- Unrecoverable Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">52</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">564,728</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,853,520</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,418,300</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,540,243</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,490,761</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 7,297,653</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,139,437</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 160,468,094</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Risk Category</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due loan</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> without</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impairment</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current loans</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>that are</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past due and</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> impaired loans</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>A- Normal Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 134,686,374</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">183,232</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,590,500</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,110</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 136,471,216</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>B- Acceptable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,810,882</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">861,347</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,574,761</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">72,370</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7,319,360</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>C- Appreciable Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,603,480</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">979,191</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,582,671</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>D- Significant Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,247</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">696,641</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,801,383</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,499,271</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>E- Unrecoverable Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">532,715</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,342,253</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,874,968</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 139,498,503</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,044,579</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 6,998,097</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 4,206,307</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 151,747,486</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to determine the loans and advances impairment the Bank considers the economic conditions and performance of the borrower&#8217;s industry, the analysis of payments behavior, events that could negatively affect the borrower&#8217;s ability to pay, among others.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Impairment is determined either by a collective or individual evaluation according to the amount and characteristics of the loan.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If the evaluation is collective, the impairment is determined in accordance with the variables PD, LGD and EAD.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">All impaired loans with a carrying amount equal or larger than COP 5,000 million are individually assessed (USD 1.5 million for foreign subsidiaries). The allowance for loans and advances and lease losses for significant impaired loans are assessed based on the present value of estimated future cash flows discounted at the original effective interest rate or on the fair value of collateral in the case where the loan is considered collateral-dependent. An allowance for loans and advances and lease losses is provided when discounted future cash flows or the fair value of collateral is lower than the book value.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The table below shows impaired loans and advances according to their type of evaluation:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Individual Evaluation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Collective Evaluation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,544,324</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,059,356</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3,546,504</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,782,385</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,839</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10,839</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,337,640</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,403,499</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,115,785</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">489,414</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">641,228</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">298,947</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,105,208</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">202,940</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">135,562</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">99,798</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 5,196,391</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 2,369,142</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 8,240,699</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 3,978,036</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Individual Evaluation</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Collective Evaluation</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Carrying Amount</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Allowance</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,547,366</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,767,139</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,245,077</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,121,557</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4,586</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,153</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,820,092</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,025,668</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,215,061</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">474,479</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">454,477</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">265,920</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">815,043</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">144,318</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">102,702</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">73,594</font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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These sensitivity analyses do not represent management&#8217;s expectations of a decline in risk ratings or an increase in loss rates, however is provided as a hypothetical scenario to assess the sensitivity of the allowance for loans and advances and lease losses to changes in key inputs. The Bank believes the risk ratings and loss severities currently in use are appropriate and represent management&#8217;s expectations about the credit risk inherent in its loan portfolio.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table shows the past due loans and advances without impairment:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current Loan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past Due Loan</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">80,724,673</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">181,441</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">135</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">163</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">80,906,413</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">24,987,248</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">310,329</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">57</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,297,635</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">18,529,421</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">654,945</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">118,175</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">93,882</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,396,423</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,396,114</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">106,099</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">231</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">71</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,502,515</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">902,787</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">25,231</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">928,018</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 145,540,243</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,278,045</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 118,598</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 94,046</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 72</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 147,031,004</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Current Loan</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="6"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Past Due Loan</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Period</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 30 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>31 &#150; 90</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>91 &#150; 120</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>121 &#150; 360</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>More Than</b></font><br/> <font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>360 Days</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>In millions of COP</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Commercial</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">79,287,627</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">178,350</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,287</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">79,467,265</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Consumer</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">21,809,911</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">290,549</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">133</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">22,100,601</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Mortgage</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,485,525</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">368,574</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">50,410</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">36,282</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">17,940,791</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Financial Leases</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">19,880,982</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">89,573</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">395</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2,557</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100,896</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20,074,403</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Small Business Loan</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">930,432</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">29,590</font></div> </td> <td style="white-space:nowrap; 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TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Maximum Exposure to Credit Risk</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Low Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 12,475,888</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; 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font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 765,355</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Medium Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,842,454</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,695,848</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 11,111</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 181</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 94</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>High Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 336,054</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 647,709</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,939</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 602</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,679</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,640</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Without&#160;&#160;Rating</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 205,027</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 227,067</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 728,504</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 610,788</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 106,705</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 12,741</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Total</i></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; 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FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><sup style="font-style:normal">1</sup></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b><i>Maximum Exposure to Credit Risk</i></b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Debt Securities</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 14,859,423</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 11,705,563</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (2,741,345)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (1,137,457)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;12,118,078</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,568,106&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Derivatives **</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 457,940</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 779,829</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (125,902)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> (247,307)</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 332,038</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 532,522&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Equity</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,313</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,414,824</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,520,313</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,414,824&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>16,837,676</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,900,216</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(2,867,247)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>(1,384,764)</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>13,970,429</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>12,515,452&#160;</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>See Notes on this table:</i> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>&#160;</i> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>* Collateral Held (-) and Collateral Pledged (+)</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">&#160;</sup></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><sup style="font-style:normal">**</sup> Exposure in Derivatives with base in MTM (only positive values), netting by counterparty is applied</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.09in; FONT: 10pt Times New Roman, Times, Serif" align="justify">* Debt Securities Book value 100%</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.09in; FONT: 10pt Times New Roman, Times, Serif" align="justify">* Equity Instruments:</div> <table style="MARGIN-TOP: 0px; 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font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Impairment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Final Exposure</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>2016</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Maximum Exposure to Credit Risk</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Fair Value</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,701,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,538,974</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 10,701,855</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 8,538,974</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Amortized Cost</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,158,766</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,166,589</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 1,198</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 4,157,568</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> 3,166,589</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,860,621</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;1,198</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>-</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal;FONT-FAMILY:Times New Roman, Times, Serif"> <b>11,705,563</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(0,112,192); font-size-adjust: none; font-stretch: normal" align="justify">&#160;&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Equity</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Collateral- other financial instruments:</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; 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TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Funds e ETF</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">87,565</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">35,569</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">45,570</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">46,668</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 457,940</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 779,829</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Concentration by Location</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;North America</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">710,592</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">344,173</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8,658</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">130,303</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,317</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Latam</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12,643,832</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11,352,383</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,494,750</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,407,845</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">294,237</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">369,401</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Europe</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9,007</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6,979</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">33,400</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">55,572</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> &#160;&#160;&#160;&#160;&#160;&#160;Others (Includes Funds and ETF)</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1,504,999</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">16,905</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">-</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60,539</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,859,423</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 11,705,563</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,520,313</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,414,824</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 457,940</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 779,829</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: #000000 1px solid; FONT-STYLE: normal; WIDTH: 25%; HEIGHT: 1px; FONT-SIZE: 1px"> </div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000"><b><i><sup style="font-style:normal">1</sup></i></b> <i>ISDA: is a trade organization of participants in the market for&#160;which has created a standardized contract (the ISDA Master Agreement) to enter into derivatives transactions.</i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000"><b><i><sup style="font-style:normal">2</sup></i></b> <i>GMRA: It is a model legal agreement designed for parties transacting repos and is published by the&#160;International Capital Market Association (ICMA), which is the body representing the&#160; bond and repo markets in Europe.</i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font color="#000000"><b><i><sup style="font-style:normal">3</sup></i></b> <i>For derivatives transactions counterparty risk is revealed as long as the valuation is positive. Therefore, the value described here differs from the book value.</i></font></div> </div> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">At the moment, the Bank&#8217;s positions are not in excess of the concentration limit, according to the applicable laws.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0075c0" align="justify"><b>31.2 Market risk</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Market risk refers to the risk of losses in the Bank&#8217;s treasury book due to changes in equity prices, interest rates, foreign-exchange rates and other indicators whose values are set in a public market. It also refers to the probability of unexpected changes in net interest income and equity economic value as a result of a change in market interest rates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Market risk stems from the following activities at the Bank:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0"> <b>a)</b></font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0"> <b>Trading:</b></font> includes purchase - sale and positioning mainly in fixed income securities, equities, currencies and derivatives, as well as the financial services provided to customers, such as brokerage. Trading instruments are recorded in the treasury book and are managed by the Treasury Division which is also responsible for the aggregated management of exchange rate exposures arising from the banking book and treasury book.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0"> <b>b)</b></font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0"> <b>Balance sheet management:</b></font> refers to the assets and liabilities management, due to mismatches in maturities and repricing of them. The Assets Liability Management Division is responsible for the balance sheet management, preserving the stability of the financial margin and the equity economic value, maintaining adequate levels of liquidity and solvency. Non-trading instruments are recorded in the Bank&#8217;s banking book (the &#8220;Banking Book&#8221;), which includes primarily loans, time deposits, checking accounts and savings accounts.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the Bank, the market risks are identified, measured, monitored, controlled and reported in order to support the decision-taking process for their mitigation, and to create greater shareholder value added.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The guidelines, policies and methodologies for market risks management are approved by the Board of Directors, thus guaranteeing the congruence and consistency in the risk appetite among subsidiaries. Each country has a local Market and Liquidity Risk Management Office that applies at an individual level the principles of the Bank&#180;s Market Risks Management Strategy. The Board of Directors and senior management have formalized the policies, procedures, strategies and rules of action for market risk administration in its &#8220;Market Risk Manual&#8221;. This manual defines the roles and responsibilities within each subdivision of the Bank and their interaction to ensure adequate market risk administration.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#180;s Market and Liquidity Risks Management Office, responsible for monitoring and permanently controlling compliance with the limits established, is set up with clear independence from the trading and businesses units, ensuring enforcement authority. This independent control function is complemented by regular reviews conducted by the Internal Audit.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#8217;s Market and Liquidity Risks Management Office is responsible for: (a) identifying, measuring, monitoring, analysing and controlling the market risk inherent in the Bank&#8217;s businesses: (b) analysing the Bank&#8217;s exposure under stress scenarios and confirming compliance with the Bank&#8217;s risk management policies: (c) designing the methodologies for valuation of the market value of certain securities and financial instruments: (d) reporting to senior management and the Board of Directors any violation of the Bank&#8217;s risk management policies: (e) reporting to the senior management on a daily basis the levels of market risk associated with the trading instruments recorded in its treasury book, and (f) proposing policies to the Board of Directors and to senior management that ensure the maintenance of predetermined risk levels. The Bank has also implemented an approval process for new products across each of its subdivisions. This process is designed to ensure that each subdivision is prepared to incorporate the new product into its procedures, that every risk is considered before the product is incorporated and that approval is obtained from the Board of Directors before the new product can be sold.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Market risks arising from trading instruments are measured at the Bank using two different Value at Risk (VaR) methodologies: the standard methodology required by the Superintendence of Finance (SFC), and the internal methodology of historical simulation. The standard methodology is established by &#8220;Chapter XXI of the Basic Accounting Circular&#8221;, based on the model recommended by the Amendment to the Capital Accord to Incorporate Market Risks of Basel Committee of 2005. The internal methodology of historical simulation uses a confidence level of 99%, a holding period of 10 days, and a time frame of one year or at least 250 days from the reference date of the VaR calculation is used, obtained from the reference date of calculating the VaR. The standard methodology is used to report the market risk exposure to the Financial Superintendency and is also used to measure the capital requirements for the Bank, therefore the analysis below is based on information obtain from this model.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#8217;s VaR limits structure for trading activities, is sufficiently granular to conduct an effective control of the various types of market risk factors on which an exposure is held. It ensures that the market risk is not concentrated in certain asset classes and maximizes the portfolio diversification effect. These limits are defined by companies, products or by risk takers. The majority of the limits are based on the maximum VaR values to which a certain portfolio can be exposed, nevertheless, loss triggers, stop loss and sensitivity warning levels are also set, especially in the derivatives portfolios. The limits are approved by the Board of Directors, and set based on factors such as tolerance for losses, capital resources and market&#180;s complexity and volatility. They are monitored daily, and their excesses or violations are reported to the Board of Directors and the Risk Committee.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Additional measurements like stress tests are done, to identify extreme unusual situations that could cause severe losses. Stress simulations include historical events and hypothetical scenarios. Back testing or model validation technics through comparison of predicted and actual loss level are applied on a regular basis to analyse and contrast the accuracy of the VaR calculation methodology in order to confirm its reliability, and make adjustments to the models if necessary.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Within the control and monitoring processes of market risks, reports are elaborated on a daily, weekly and monthly basis. They include an analysis of the most relevant risk measures and allow for monitoring the exposure levels to market risks and to the legal and internal limits established for each one of the levels of the Bank. These reports are taken as an input for the decision-taking process in the different Committees and management of the Bank.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Market Risk Management</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following section describes the market risks to which the Bank is exposed and the tools and methodologies used to measure these risks as of December 31<sup style="font-style:normal">st</sup>, 2017. The Bank faces market risk as a consequence of its lending, trading and investments businesses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank uses a value at risk (&#8220;VaR&#8221;) calculation to limit its exposure to the market risk of its Treasury Book. The&#160;board of directors is responsible for establishing the maximum VaR&#160;based on its assessment of the appropriate level of risk for Bancolombia.&#160;The Risks Committee is responsible for establishing the maximum VaR by&#160;type of investment (e.g., fixed income in public debt) and by type of risk (e.g., currency risk). These limits are supervised on a daily basis by the Market Risk Management Office.&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For managing the interest rate risk from banking activities, the Bank analyses the interest rate mismatches between its interest earning assets and its interest bearing liabilities. In addition, the foreign currency exchange rate exposures arising from the banking book are provided to the Treasury Division where these positions are aggregated and managed.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 21.3pt"> <div style="CLEAR:both;CLEAR: both"><b>a.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Measurement of market risk of trading instruments</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank currently measures the treasury book exposure to market risk (including over-the-counter derivatives positions) as well as the currency risk exposure of the banking book, which is provided to the Treasury Division, using a VaR methodology established in accordance with &#8220;Chapter XXI of the Basic Accounting Circular&#8221;, issued by the SFC.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The VaR methodology established by &#8220;Chapter XXI of the Basic Accounting Circular&#8221; is based on the model recommended by the Amendment to the Capital Accord to Incorporate Market Risks of Basel Committee of 2005, which focuses on the treasury book and excludes investments classified as amortized cost which are not being given as collateral and any other investment that comprises the banking book, such as non-trading positions. In addition, the methodology aggregate all risks by the use of correlations, through an allocation system based on defined zones and bands, affected by given sensitivity factors.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The total market risk for the Bank is calculated by the arithmetical aggregation of the VaR calculated for each subsidiary. The aggregated VaR is reflected in the Bank&#8217;s Capital Adequacy (Solvency) ratio, in accordance with Decree 1771 of 2012.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For purposes of VaR calculations, a risk exposure category is any market variable that is able to influence potential changes in the portfolio value. Taking into account a given risk exposure, the VaR model assesses the maximum loss not exceeded, over a given period of time. The fluctuations in the portfolio&#8217;s VaR depend on volatility, modified duration and positions changes relating to the different instruments that are subject to market risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The relevant risk exposure categories for which VaR is computed by the Bank according to &#8220;Chapter XXI, Appendix 1 of the Basic Accounting Circular&#8221; are: (i) interest rate risks relating to local currency, foreign currency and UVR; (ii) currency risk; (iii) stock price risk; and (iv) fund risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 21.3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Interest Rate Risk (Treasury Book)</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 53.4pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The interest rate risk is the probability of decrease in the market value of the position due to fluctuations in market interest rates. The Bank calculates the interest rate risk for positions in local currency, foreign currency and UVR separately; in accordance with Chapter XXI of the Basic Accounting Circular issued by the SFC.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the first instance, the interest rate risk exposure is determined by the sensitivity calculation for the net position of each instrument. This sensitivity is calculated as the net value market product, its corresponding modified duration and the estimated variation of interest rates. 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TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">233</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">274</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">100</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Zone 2</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1.9</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">222</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">250</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">90</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">1.9</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2.8</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">222</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">250</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">80</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">2.8</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3.6</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">211</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">220</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">75</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowspan="8"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Zone 3</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">8</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">3.6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">211</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">220</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">75</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">4.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.7</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">172</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">200</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">70</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">5.7</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">65</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">11</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">7.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">9.3</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10.6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">13</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">10.6</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">12</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">15</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">20</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">162</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">170</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">60</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Once the sensitivity factor is calculated for each position, the modified duration is then used to classify each position within its corresponding band. A net sensitivity is then calculated for each band, by determining the difference between the sum of all long-positions and the sum of all short-positions. Then a net position is calculated for each zone (which consists of a series of bands) determined by the SFC. The final step is to make adjustments within each band, across bands and within each zone, which results in a final number that is the interest rate risk VaR by currency. Each adjustment is performed following the guidelines established by the SFC.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#8217;s exposure to interest risk primarily arises from investments in Colombian government&#8217;s treasury bonds (TES).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 21.3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>Currency (Treasury and Banking Book), Equity (Treasury Book) and Fund (Treasury Book) Risk</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The VaR model uses a sensitivity factor to calculate the probability of loss due to fluctuations in the price of stocks, funds and currencies in which the Bank maintains a position. As previously indicated, the methodology used in these financial statements to measure such risk consists of computing VaR, which is derived by multiplying the position by the maximum probable variation in the price of such positions (&#8220;?p&#8221;). The (&#8220;?p&#8221;) is determined by the SFC, as shown in the following table:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 50%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 57%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Currency</b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 43%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"><b>Sensitivity Factor<sup style="font-style:normal">(1)</sup></b></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>United States Dollar</i></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">12.49%</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Euro</i></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">11.00%</div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Other currencies</i></font></div> </td> <td style="white-space:nowrap; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="center">13.02%</div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Equity and Fund Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">14.70%</font></div> </td> </tr> </table> <div style="CLEAR:both; 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FONT: 10pt Times New Roman, Times, Serif" align="justify">The SFC according to historical market performance establishes the interest rate&#8217;s fluctuations and the sensitivity factors for currency, equity and fund risk used in the model.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The <i>Circular External 027 of 2017</i>, issued by the SFC, increased currency sensitivity factors since December 1<sup style="font-style:normal">st</sup>, 2017</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 21.3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Market Risk VaR</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The total market risk VaR is calculated as the algebraic sum of the interest rate risk, the currency risk, the stock price risk and the fund risk, which are calculated as the algebraic sum of the Parent Company and each of its subsidiaries&#8217; exposure to these risks.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The total market risk VaR, had a 51.00% surge going from COP 721 billion in December 31st, 2016 to COP 1,086 billion as of December 31st, 2017, due mainly to increase in the exposure to currency risk, as a consequence of an increase of the 27.39% in the net position in US. dollars in Bancolombia.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table presents the total change on market risk and every risk factor.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>December 2017</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">173,236</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">156,335</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">174,373</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">34,558</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total Value at Risk</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,086,904</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,011,173</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1,406,154</b></font></div> </td> <td style="white-space:nowrap; 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PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Average</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Maximum</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 17%; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Minimum</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Interest Rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">251,904</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">266,447</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">308,534</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">238,625</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Exchange Rate</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">247,047</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">331,528</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">393,365</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif">247,047</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i>Share Price</i></font></div> </td> <td style="TEXT-ALIGN: right; 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Accordingly, VaR models should not be viewed as predictive of future results. The Bank may incur losses that could be materially in excess of the amounts indicated by the models on a particular trading day or over a period of time, and there have been instances when results have fallen outside the values generated by the Bank&#8217;s VaR models. A VaR model does not calculate the greatest possible loss. The results of these models and analysis thereof are subject to the reasonable judgment of the Bank&#8217;s risk management personnel.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size:10pt;" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="left"><b>b. Non-trading instruments market risk measurement</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The banking book&#8217;s relevant risk exposure is interest rate risk, which is the probability of unexpected changes in net interest income as a result of a change in market interest rates. Changes in interest rates affect the Bank&#8217;s earnings because of timing differences on the reprising of the assets and liabilities. The Bank manages the interest rate risk arising from banking activities in non-trading instruments by analyzing the interest rate mismatches between its interest earning assets and its interest bearing liabilities. 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A negative sensitivity denotes a higher sensitivity of liabilities than of assets and implies that a rise in interest rates will negatively affect the Bank&#180;s net interest income. 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These positions are maintained mostly in energy and financial sector. The market value of those investments increased by 29.00% during the year, to COP146 billion as of December 31, 2017 from COP114 billion as of December 31, 2016, because of the increase in the market value of the investments in the financial sector.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The structural equity positions are exposed to equity price risk. 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Share Price Sensitivity</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>&#160;</b></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 1pt solid"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; 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Thus, funding liquidity risk is the risk that a firm will not be able to meet its current and future cash flow and collateral needs, both expected and unexpected, without materially affecting its daily operations or overall financial condition. The Bank is sensitive to funding liquidity risk since debt maturity transformation is one of its key business areas.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">At the Bank, liquidity prevails over any objective of growth or revenue. Managing liquidity has always been a fundamental pillar of its business strategy, together with capital, in supporting its balance sheet strength.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Bank&#8217;s liquidity management model promotes the autonomy of subsidiaries, which must be self-sufficient in their structural funding. Each subsidiary is responsible for meeting the liquidity needs of its current and future activity, within a framework of management coordination at the Bank level. The metrics used to control liquidity risk are developed based on common and homogeneous concepts, but analysis and adaptation are made by each subsidiary.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">In line with best governance practices, the Bank has established a clear division of function between executing liquidity management, responsibility of the Asset and Liability Division, and their monitoring and control, responsibility of the Market and Liquidity Risks Management Office.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The different authorities of senior management define the policies and guidelines for managing liquidity risk. These authorities are the Board of Directors, the Risk Committee, and senior management of the Parent Company, which set the risk appetite and define the financial strategy. The ALCO committees (asset and liability committee) define the objective positioning of liquidity and the strategies that ensure the funding needs derived from businesses. The ALM division (Asset and liability management) and the Market and Liquidity Risks Management Office support the mentioned committees, which elaborate analysis and management proposals, and control compliance with the limits established.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Liquidity Risks Management Office is responsible for proposing the minimum amount of the liquidity reserve, the policies of the liquidity portfolio, defining premises and metrics in order to model the behaviour of the cash flows, proposing and monitoring liquidity limits in line with the Bank's risk appetite, simulating stress scenarios, evaluating and reporting the risks inherent to new products and operations; and submitting the reports required by the internal authorities for decision-making, as well as by regulators. All of the above activities are verified and evaluated by the Internal Audit.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The measures to control liquidity risk include maintaining a portfolio of high liquid assets, and the definition of triggers and liquidity limits, which enable evaluating the level of exposure of each one of the entities in a proactive way.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The methodologies used to control liquidity risk include the liquidity gaps and stress scenarios. The liquidity gaps measure the mismatches of assets, liabilities and off-balance sheet position&#180;s cash flows, separately for local currency and foreign currency. Regulatory metrics are also applied, in which the contractual maturities are used; and internal models in which the cash flows are adjusted by different ratios, to reflect a more accurate behaviour.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Each subsidiary creates their liquidity gap according to the characteristics of their business and they tackle them through the different financing resources they have available. 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The Market and Liquidity Risks Management Office elaborate reports daily, weekly and monthly basis in order to monitor the exposure levels and the limits and triggers set up, and to support the decision-making process.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Each subsidiary has its own liquidity contingency plan, which is tested annually. 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The Treasury Division manages the Bank&#8217;s liquidity position on a day-to-day basis and reviews daily reports covering the liquidity position. A summary report, including any exceptions and remedial action taken, is submitted regularly to Risk Committee and ALCO committees.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div><b>a.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Liquidity risk exposure:</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>&#160;</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In order to estimate liquidity risk, the Bank measure a liquidity coverage ratio to ensure holding liquid assets sufficient to cover potential net cash outflows over 30 day. 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Demand deposit Time deposits, Interbank deposits Borrowings from other financial institutions Debt securities, Derivative financial instruments.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><b>b.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Liquid Assets</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; 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FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 56%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Liquid Assets<sup style="font-style:normal">(1)</sup></b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> December 31, 2016</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; 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Liquid assets are adjusted by a haircut. The following are considered as liquid assets: cash, repos held for trading and investments held for trading in listed shares in Colombia&#8217;s stock exchange, in investment funds units or in other trading debt securities.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 4.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>&#160;</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0px; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>*<font style="COLOR: #0070c0">High-quality liquid assets:</font> cash&#160; and shares that are eligible to be reportable or repo operations, in addition to those liquid assets that the Central Bank receives for its monetary expansion and contraction operations described in paragraph 3.1.1 of the Foreign Regulatory Circular DODM-142 of the Bank of the Republic.</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 4.5pt; 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PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial assets investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,706,487</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,258,546</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,107,856</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,931,710</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 54,997,084</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 50,519,957</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 29,659,278</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 50,569,611</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 804,392</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 176,490</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 405,710</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 233,762</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total&#160;&#160;financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 80,855,625</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 55,954,993</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 33,172,844</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,735,083</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial assets December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Assets</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Cash and balances with central bank</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 16,216,907</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank borrowings - Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,475,341</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Financial assets investments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,438,351</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,805,890</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,025,553</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,016,014</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Loans and advances to customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 55,098,988</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 48,180,287</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 27,881,140</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 49,141,494</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,437,057</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 274,065</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 202,543</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 533,265</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Total&#160;&#160;financial assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 82,666,644</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 52,260,242</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 30,109,236</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 51,690,773</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; COLOR: #0070c0" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><b>d.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>Contractual maturities of financial liabilities</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The tables below set out the remaining contractual maturities of principal and interest balances of the Bank&#8217;s financial liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial liabilities December 31, 2017</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 44%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 19%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><b>More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Demand deposit from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 77,997,629</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Time deposits from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 37,755,690</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 12,085,796</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 6,053,016</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,134,245</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank deposits-Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,861,258</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 524,880</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,709,585</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 2,824,456</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,379,194</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 1,961,015</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i>Debt securities in issue</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 3,210,313</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 5,676,708</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,460,302</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 8,050,023</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 670,817</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 117,485</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 383,380</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: black;FONT-FAMILY:Times New Roman, Times, Serif"> 229,804</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total financial liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;132,205,292</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;21,229,325</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;16,275,892</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> &#160;12,375,087</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; COLOR: #0070c0" align="justify"><b>Contractual maturities of financial liabilities December 31, 2016</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Financial Liabilities</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>0 - 1 Year</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>1- 3 Years</b></font></div> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b>3- 5 Years</b></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> More than 5 years</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Demand deposit from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 70,136,704</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Time deposits from customers</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 36,297,356</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 12,465,672</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 6,362,963</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,778,373</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Interbank deposits - Repurchase agreements</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,295,020</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> -</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Borrowings from other financial institutions</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 11,436,389</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 3,990,970</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 5,813,910</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,829,142</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Debt securities in issue</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 2,965,927</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 4,626,491</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 8,380,097</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 9,083,988</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><i> Derivative financial instruments</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 1,072,980</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 194,556</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 165,462</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: black 1pt solid"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"> 528,894</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: justify; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b>Total financial liabilities</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 124,204,376</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 21,277,689</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 20,722,432</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14,220,397</b></font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The expected cash flows for some financial assets and liabilities may vary significantly from their contractual maturity. 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BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> Technical capital to risk-weighted assets</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 14.18%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; BORDER-RIGHT: black 1pt solid"> <div><font style="COLOR: #0070c0;FONT-FAMILY:Times New Roman, Times, Serif"><b> 13.26%</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> During 2017, risk level 4 was created for nonperforming clients without any financial, operational or commercial viability, where the objective is to obtain the highest possible portfolio recovery by judicial means, in order to reduce or end the commercial relationship given their inability to pay. <div style="CLEAR:both; 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BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="28%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><b><font style="FONT-SIZE: 10pt">Risk Level</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="24%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-SIZE: 10pt"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amount</font></b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in" width="24%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-SIZE: 10pt"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;%</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in" width="24%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="center"><b><font style="FONT-SIZE: 10pt"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Allowance</font></b></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 1 - Low Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">4,938,711</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">2.00%</font></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">114,361</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 2 - Medium Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,641,169</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">5.00%</font></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">81,796</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 3 - High Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">3,806,554</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">33.00%</font></div> </td> <td style="BORDER-BOTTOM: #d4d0c8; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,264,077</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><i><font style="FONT-SIZE: 10pt">Level 4 - High Risk</font></i></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,509,014</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">76.00%</font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><font style="FONT-SIZE: 10pt">1,150,212</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">Total</font></b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">11,895,448</font></b></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: #d4d0c8; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">22.00%</font></b></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #d4d0c8; PADDING-BOTTOM: 0in; BACKGROUND-COLOR: transparent; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: #d4d0c8; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0in"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt" align="right"><b><font style="COLOR: #0070c0; FONT-SIZE: 10pt">2,610,447</font></b></div> </td> </tr> </table> &#160;&#160; <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; border-image: none" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Watch List&#160;December 31 2016</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Million COP</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; WIDTH: 28%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Risk Level</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Amount</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>%</b></font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; WIDTH: 24%; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Allowance</b></font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Level 1 &#150; Low Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160; 3,738,353</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 124,139</font></div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Level 2 &#150; Medium Risk</i></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160; 1,623,733</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 3.00%</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 46,627</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <i>Level 3 and 4 &#150; High Risk</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> &#160;&#160;&#160;&#160;&#160;&#160; 4,461,571</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 30.00%</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> 1,316,480</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>Total</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;&#160;&#160;&#160;&#160; 9,823,657</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>15.00%</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: black 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: rgb(0,112,192); FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <b>&#160;&#160;&#160;&#160;&#160;&#160; 1,487,246</b></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> On December 30, 2015 the Bank acquired an additional 20% equity interest of the Grupo Agromercantil Holding (GAH) from BAM Financial Corporation, obtaining control. This item corresponds to the reclassification of the respective currency traslation adjustment in the GAH investment as an associate as of December 31, 2015. See Note 8 Goodwill and Intangible assets, net. In 2016 the Bank's subsidiary, Banistmo, discontinued cash flow hedge accounting. For further information see Note 5.2. Derivatives Financial Instruments. On May 31, 2016, the Bank completed the process for the sale of all of its minority stake in Cifin S.A. This sale, involved various financial institutions as sellers, including Bancolombia S.A., and TransUnion Netherlands II B.V., as buyer. This item corresponds to the dynamic reserves of Banistmo S.A. This item includes appropriation of profits at the end of the first semester of the Bank’s subsidiaries that have prepared semi-annual financial statements. Due to contractual terms, the non-controlling interest of GAH is entitled to sell its interest to the Bank. See Note 8. Goodwill and Intagible Assets, net. Corresponds to the net amount of cash received from the sale of Compañía de Financiamiento TUYA S.A. amounting to COP 9,517 and the balance of cash and cash equivalents held by the company at the transaction date amounting to COP 228,735. The issuance costs paid by Bancolombia S.A. amounted to USD 15,535. For further information see Note 17. Debt securities in issue. For further information about the conciliation of the balances of liabilities from financing activities, see Note 28. Liabilities from financing activities. Corresponds to the net amount of cash received from the liquidation of Leasing Perú S.A. and Fondo de Inversión en Arrendamiento Operativo - Renting Perú amounting to COP 16,838 and COP 3,757, respectively, and the balance of cash and cash equivalents held by the companies at the transaction date amounting to COP 17,903 and COP 4,226, respectively. Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM. Includes staff costs, other administration and general expenses, contributions and other tax burdens and others. Includes imparment recognition in joint venture Compañía de Financiamiento Tuya S.A.For more information see Note 7 Investments in associates and joint ventures Includes staff costs, administration and general expenses, contributions and other tax burdens and others. The Bank inadvertently inverted the label of the amounts reported for Operating Expenses and Depreciation and Amortization in 2015. There was no impact in total operating expenses or profit before tax. As of December 31, 2016, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures. As of December 31, 2017, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures. Equity securities measured at fair value through other comprenhensive income (OCI) and listed in Colombia, increased between December 31, 2017 and 2016 due to the merger between Bolsa de Valores de Colombia (listed company) and Deceval (unlisted). The new investment in Bolsa de Valores de Colombia is classified as listed in Colombia. Includes loans to financial institutions amounting to COP 7,862,401 and COP 6,217,825 as of December 31, 2017 and December 31, 2016, respectively The provision for loan losses, net COP 3,879,559 differs from the COP 3,468,699 presents in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 410,860 due to the recovery of charged-off loans. The provision for loan losses, net COP 2,930,239 differs from the COP 2,643,710 presents in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 286,529 due to the recovery of charged-off loans. The provision for loan losses net of COP 318,279 differs from the COP 323,290 presented in “Credit impairment charges on loans and advances and financial leases, net" in note 30. Discontinued operations, in the amount of COP 5,011 due to provision on off balance sheet credit exposures that is accounted for as a liability under IAS 37. The provision for loan losses, net COP 1,884,859 differs from the COP 1,667,680 presented in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income in the amount of COP 217,179 due to the recovery of charged-off loans. As of December 31, 2015, Compañía de Financiamiento Tuya S.A. was considered as a discontinued operation, see Note 30 Discontinued Operation. In October 2016, this sale was completed. The provision for loan losses net of COP 305,473 differs from the COP 324,309 presented in “Credit impairment charges on loans and advances and financial leases, net” in note 30 discontinued operations, in the amount of COP 18,836 due to the expense of the contingent component of credit cards. Future financial income: Total Gross Investment - Total Present Value of minimum payments The unsecured residual value is the part of the residual value of the leased asset, whose realization is not secured or is secured by a third party related to the lessor. As of December 31, 2017 and 2016, the amount includes investments in associates at fair value for COP 757,886 and COP 434,318, respectively and investments in associates at equity value COP 569,724 and COP 506,046 respectively. See note 29 Fair value of assets and liabilities. For the purposes of applying the equity method of accounting, financial statements at November 30, 2016 have been used, due to the fact that no more recent financial information was available. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2016. PA Viva Malls, an investment in an associate of Fondo inmobiliario Colombia Inmobiliario which contributed COP 388,595 in December 2016 to participate in 49% of the company. In partnership with Grupo Éxito, which owns 51%, the company's corporate purpose will be the development and management of real estate. On October 19, 2016 Multiactivos S.A was wound up. Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2016. See note 24.5 Dividends received, and share of profits of equity method investees Corresponds to the accumulated other comprehensive income as of December 31, 2016. Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2016. See Consolidated Statement of Comprehensive income Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2016. For the purposes of applying the equity method of accounting, financial statements at November 30, 2017 have been used, except for Redeban Multicolor S.A., for which we use the financial statements ended at October 31, 2017. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2017. Corresponds to the accumulated other comprehensive income as of December 31, 2017. The difference between the net assets of Protección S.A. multiplied by the Bank’s percentage of ownership which amounted to COP 300,926 and COP 263,927 for the years ended at December 31, 2017 and 2016, respectively and the carrying amount of the Bank’s interest in the associate; represents the goodwill recognized by the Bank amounting to COP 170,434. On October 30, 2016 the Bank sold 50% of Compañía de Financiemiento TUYA S.A. The table above presents the recognition of the Equity Method after loss of control. The difference between the net assets of Tuya multiplied by the Bank’s percentage of ownership which amounted to COP 22,550 for the year ended at December 31, 2017 and the carrying amount of the Bank’s interest in the associate, represents the goodwill recognized by the Bank amounting to COP 275,930. In June 2016. Joint venture with First Data was created with the purpose of generating an alliance that promotes the business of using credit and debit cards in commercial establishments. Corresponds to the change in the commercial estimate of real estate due to the change in the consumer price index (IPC). As of December 31, 2017 corresponds to conciliatory items on correspondent banks and mortgage-backed securities' interest; for December 2016, mainly comprised of insurance claims and cash short and over. The item corresponds to receivables related to the application of the Colombian Law 1777 of February 1, 2016, which establishes that entities holding accounts deemed abandoned must transfer the related amounts to a fund constituted and regulated by the Icetex (Governmental entity responsible for promoting high quality education in Colombia). Total repo liabilities have maturities of less than 30 days. The amount includes those presented as cash and cash equivalents and those presented as other assets. The Bank has recognized a financial liability with BAM Financial Corporation (BFC) amounting to USD 243.2 million as of December 31, 2017 and USD 251.5 million as of December 31, 2016, due to its obligation to pay cash in future to purchase the non-controlling shares of Grupo Agromercantil Holding. The Bank will reclassify the liability to equity if the put expires unexercised. For further information see Note 8.3. Acquisition of Grupo Agromercantil Holding (GAH). The subordinated bonds, in the event of default of the Bank, will be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities. See severance obligation Former employees have been incorporated again in the Company’s payroll due to the private agreement reached between Comamesa (a Guatemalan subsidiary of GAH) and Serviva(security supplier). The increase in frauds and claims during the year 2017 is mainly explained for a higher operational risk in virtual transactions and transactions with credit and debit cards. See note 11 Income taxes. The detail of the impairment of other assets net by operating segments for the years ended December 31, 2017, 2016 and 2015 is presented in the table below: Corresponds to income from Seguros Agromercantil insurance operations. See Note 8: Goodwill and Intangible assets, net. For the year 2017 and 2016 advances includes the amount received by the Bank in balances related to insurance operations amounting to COP 54,967 and COP 47,549, respectively, balances held by court order amounting to COP 50,152 and COP 52,205, respectively, gain on derivatives first day valuation amounting to COP 39,706 and COP 51,271, respectively and excess cash amounting to COP 9,012 and COP 12,584, respectively. Additionally, the line includes balances of credit cards charges pending to be applied amounting to COP 10,116 and COP 12,580 For further information related to other employee benefit plans, see Note 18 "Employees benefit plans". See Note 20 "Provisions and contingents liabilities". Includes an income tax provision amounting to COP 353,338 related with a potential exposure for the fiscal year 2014, out of which there were unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015. This ítem includes operations held between Bancolombia S.A. and Compañía de Financiamiento Tuya S.A. since November 1, 2016 when the Bank lost control of Tuya S.A. Furthermore, the item includes operations held between Bancolombia S.A. and Sociedad Servicios de Aceptación S.A.S. since June, 2016, when that company was set up. As of December 31, 2015, Tuya was considered as assets held for sale, and the related deposits amounted to COP 1,266,305. Collateral Held (-) and Collateral Pledged (+). Includes investments classified as “assets held for sale”. See Note 12 Assets held for sale and inventories, net. VIS: Social Interest Homes, corresponds to mortgage loans granted by the financial institutions of amounts less than 135 SMMLV. For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. Therefore, the value described here differs from the book value. Exposure in Derivatives with base in MTM (only positive values), netting by counterparty is applied * Debt Securities Book value 100% * Equity Instruments: - Shares:100% - Investment funds: Book value 100% Net cash outflows into 30 days: (Interbank borrowings, Financial assets investments, Loans and advances to customers, Derivative financial instruments), minus 30 days contractual maturities of liabilities. Demand deposit Time deposits, Interbank deposits Borrowings from other financial institutions Debt securities, Derivative financial instruments. An update is presented in the amount official about Total Market Risk (VaR) calculated for the period ended at December 31st, 2016; it according to a change in the exposure of factor of Collective portfolios in Bancolombia. Likewise, during 2017, the Bank transferred from OCI to retained earnings the amount of COP 38,420 mainly due to the merger between Bolsa de Valores de Colombia BVC and Deceval. The Bank held equity investments of both issuers designated as at FVTOCI. Investment absorbed by Bancolombia S.A. Corp during 2016. Future financial income: Total Gross Investment - Total Present Value of minimum payments As of December 31, 2017 the Bank classified the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc as "assets held for sale", due to the fact that the management has currently been implementing a plan to sell these assets. See note 12 assets held for sale and inventories. As of December 31, 2017 the increses of ownership interest is related to capital contributions during the year 2017 Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2017. On November 23, 2016 Concesiones Urbanas S.A was wound up. The difference between the net assets of P.A. Viva Malls multiplied by the Bank’s percentage of ownership which amounted to COP 604,336 for the year ended at December 31, 2017 and the carrying amount of the Bank’s interest in the associate, represents an adjustment amounted to COP 153,550 related to contractual terms with respect to the recognition of benefits. On December 2017, given the continued impairment of the consumer loans portfolio of the company during 2017, the Bank management performed a valuation, to establish the fair value of the Compañía de Financiamiento TUYA S.A.As a result of the valuation, the fair value of the investment was lower than the book value, for this, the Bank recorded an impairment in the statement of income for COP 173,339. See note 29 Fair value for assets and liabilities. Given the losses of Fideicomiso Ruta del Sol - compartimento A for the year 2017, the recognition of the equity method resulting in a reduction of the total book value of the investment. Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017. In June 2017, Banca de Inversión Bancolombia formed a joint venture with Grupo Éxito. The purpose of the company is the developing and administration of customer. In December 2017, the administration launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". According to the sales plan, the sale is expected to occur before the end of year 2018. These assets corresponded to Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. and FiduPerú S.A. Sociedad Fiduciaria. Consumer price index. Pursuant to a private agreement reached between Transportempo and its employees, the Bank’s subsidiary has decided to recognize a new employee benefit plan based on the employees’ seniority and their current salary at the moment when the service is vested. The decrease is due to the fact that the payment of dividends approved at the ordinary annual shareholders' meeting for the year 2016 was fulfilled before December 31,2017 and for year 2016 , corresponds to the last payment of dividends approved at the ordinary annual shareholders' meeting held in 2015. Pursuant to Decree 2336 of 1995, a reserve was established until 2016 for profits related to the valuation of investmentes held for trading purposes by the Bank. Dividends received from equity investments at fair value through profit or loss as of 31, December of 2017, 2016 and 2015 amount COP 20,297, COP 30,468 and COP 14,228, respectively. Dividends from equity investments at fair value through OCI amount COP 11,951, COP 9,317 and 9,605, respectively. As of December 31, 2017 there is a lost in equity investments due to decrease of fair value in portfolio measured at fair value through profit or loss held by Banagricola S.A. For further information, see note 7 investments in associates and joint ventures The increase in disputes, fines and sanctions during the year 2017 is caused by the recognition of an income tax provision related with a potential exposure for the fiscal year 2014, out of which there were unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015. The cash flows disclosed in this table related with Borrowings from other financial institutions and debt securities in issue include the interests paid during the year amounting to COP 1,031,078 and COP 1,084,096, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow. The cash flow amounting to COP 57,701 corresponds to the minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders. The amount of COP (98,870) is mainly comprised by the reclassification of liabilities relating to assets held for sale. Investment classified as held for sale. See Note 12. Assets held for sale and Inventories. This ítem includes portfolio purchase operation held between Bancolombia S.A. and Titularizadora Colombiana. Update of currency risk exposure sensitivity factors (Dollar EEUU 5.5% to 12.49%, Euro 6% to 11.00% and other currencies 8% to 13.02%). FVPL = Fair value with changes in results AC = Amortized cost FVOCI= Fair value with changes in other comprehensive results. High-quality liquid assets: cash and shares that are eligible to be reportable or repo operations, in addition to those liquid assets that the Central Bank receives for its monetary expansion and contraction operations described in paragraph 3.1.1 of the Foreign Regulatory Circular DODM-142 of the Bank of the Republic. The increase in the category of non-controlling interest is due to the inclusion of GAH in the consolidated financial statements, see Note 8. Goodwill and Intangible Assets, net. Debt securities classified as Corporate Bonds, increased by 104.75% between December 31, 2017 and 2016 due to the purchase of Alternegy S.A. bonds by Banistmo on December 21 of 2017, which have a carrying value of COP 446,047. Banistmo acted as joint arranger with Banco General and underwriters of the bonds issued by Alternergy for an amount of up to US$320 million. Investment absorbed by Financomer S.A. during 2016. Investment absorbed by Valores Banistmo S.A. during 2016. Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017. Investment liquidates by Grupo Agromercantil Holding S.A. during 2017. Investment initially acquired by Banistmo S.A. and subsequently merged with Valores Banistmo S.A during 2016. Investments in non-operational stage. Investment classified as assets held for sale. See Note 12. Assets held for sale and Inventories. Investment in legal liquidation process. Pursuant to a private agreement reached between Renting and its employees, the Bank’s subsidiary has decided to recognize a new employee benefit plan based on the employees’ seniority and their current salary at the moment when the service is vested. As a result of the acquisition of control of Grupo Agromercantil Holding in 2015, the Bank assumed the obligations related to the termination indemnity plan of Banco Agromercantil de Guatemala, Consejería, Mantenimiento y Mensajería, Seguros Agromercantil (subsidiaries of Grupo Agromercantil Holding). The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders. Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation. Investments in FiduPerú, Arrendamiento Operativo CIB S.A.C. and Capital Investment Safi S.A. are classified as Asset held for sale in Statement of Financial Position. For further information, see Note 12 Assets held for sale and inventories Included foreclosed assets presented within other assets in the statement of financial position, premises and equipment, Investment property and goodwill. The amount of COP 140,398,685 disclosed as the fair value of the line “Loans and advances to customers and financial institutions, net” in the Bank’s annual report in 2016 has been changed for COP 141,595,210 due to changes introduced in the methodology used by the Bank to estimate the fair value of the loan portfolio in the year 2017. Other Securities: Securities issued by financial and corporate entities. In 2016, the Parent Company noticed that some licenses, software and computer applications amounting to COP 549,191 were recognized on the balance sheet even though their useful life were completely amortized and the Bank did not use them for several years. This amount has been written off.