Exhibit 8.1
LIST OF SUBSIDIARIES (EXHIBIT)
ENTITY | JURISDICTION OF INCORPORATION | BUSINESS | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2021 | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2020 | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2019 |
Fiduciaria Bancolombia S.A. Sociedad Fiduciaria | Colombia | Trust | 98.81% | 98.81% | 98.81% |
Banca de Inversión Bancolombia S.A. Corporación Financiera | Colombia | Investment banking | 100.00% | 100.00% | 100.00% |
Valores Bancolombia S.A. Comisionista de Bolsa | Colombia | Securities brokerage | 100.00% | 100.00% | 100.00% |
VLIPCO S.A.S.(1) | Colombia | Technology services provider | 94.77% | - | - |
Renting Colombia S.A.S. | Colombia | Operating leasing | 100.00% | 100.00% | 100.00% |
Transportempo S.A.S. | Colombia | Transportation | 100.00% | 100.00% | 100.00% |
Inversiones CFNS S.A.S. | Colombia | Investments | 99.94% | 99.94% | 99.94% |
Pasarela Colombia S.A.S. | Colombia | Payment solutions | 100.00% | 100.00% | 100.00% |
Fondo de Capital Privado Fondo Inmobiliario Colombia(2) | Colombia | Real estate investment fund | 49.96% | 49.96% | 49.96% |
P.A. Inmuebles CEM(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. Calle 92 FIC-11(2) | Colombia | Mercantil trust | 32.47% | 32.47% | - |
P.A. FIC Edificio Corfinsura(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. FIC-A5(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. FIC Inmuebles(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. FIC Clínica de Prado(2) | Colombia | Mercantil trust | 38.49% | 38.49% | - |
P. A. FIC A6(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. Central Point(2) | Colombia | Mercantil trust | 37.47% | 37.47% | - |
Fideicomiso Irrevocable de Garantía, Fuente de Pago y Administración Inmobiliaria Polaris(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. Fideicomiso Twins Bay(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
Fideicomiso Lote Av San Martín(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
P.A. Fideicomiso Lote 30(2) | Colombia | Mercantil trust | 49.96% | 49.96% | - |
Fideicomiso Fondo Inmobiliario Bancolombia(3) | Colombia | Mercantil trust | 17.54% | - | - |
Valores Simesa S.A.(4) | Colombia | Investments | 66.82% | 67.11% | 67.11% |
Fideicomiso Lote Abelardo Castro(5) | Colombia | Mercantil trust | - | 66.77% | 66.77% |
Fideicomiso Lote Distrito Vera B1B2(4) | Colombia | Mercantil trust | 66.49% | 66.77% | 66.77% |
Fideicomiso Lote Distrito Vera B3B4(4) | Colombia | Mercantil trust | 66.49% | 66.77% | 66.77% |
Bancolombia Panamá S.A. | Panama | Banking | 100.00% | 100.00% | 100.00% |
Sistemas de Inversiones y Negocios S.A. Sinesa | Panama | Investments | 100.00% | 100.00% | 100.00% |
Banagrícola S.A. | Panama | Investments | 99.17% | 99.17% | 99.17% |
Banistmo S.A. | Panama | Banking | 100.00% | 100.00% | 100.00% |
Banistmo Investment Corporation S.A. | Panama | Trust | 100.00% | 100.00% | 100.00% |
Financomer S.A.(6) | Panama | Financial services | 0.00% | 100.00% | 100.00% |
Leasing Banistmo S.A. | Panama | Leasing | 100.00% | 100.00% | 100.00% |
Valores Banistmo S.A. | Panama | Securities brokerage | 100.00% | 100.00% | 100.00% |
Banistmo Panamá Fondo de Inversión S.A. | Panama | Holding | 100.00% | 100.00% | 100.00% |
Suvalor Renta Fija Internacional Corto Plazo S.A. | Panama | Collective investment fund | 100.00% | 100.00% | 100.00% |
ENTITY | JURISDICTION OF INCORPORATION | BUSINESS | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2021 | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2020 | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2019 |
Suvalor Colombia(7) | Panama | Collective investment fund | 100.00% | 100.00% | 100.00% |
Banistmo Capital Markets Group Inc.(7) | Panama | Purchase and sale of securities | 100.00% | 100.00% | 100.00% |
Anavi Investment Corporation S.A.(7) | Panama | Real estate | 100.00% | 100.00% | 100.00% |
Desarrollo de Oriente S.A.(7) | Panama | Real estate | 100.00% | 100.00% | 100.00% |
Steens Enterprises S.A.(7) | Panama | Portfolio holder | 100.00% | 100.00% | 100.00% |
Ordway Holdings S.A.(7) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Grupo Agromercantil Holding S.A.(8) | Panama | Holding | 100.00% | 100.00% | 60.00% |
Banco Agromercantil de Guatemala S.A.(8) | Guatemala | Banking | 99.66% | 99.59% | 59.72% |
Seguros Agromercantil de Guatemala S.A.(8) | Guatemala | Insurance agency | 79.92% | 79.90% | 47.93% |
Financiera Agromercantil S.A.(8) | Guatemala | Financial services | 100.00% | 100.00% | 60.00% |
Agrovalores S.A.(8) | Guatemala | Securities brokerage | 100.00% | 100.00% | 60.00% |
Arrendadora Agromercantil S.A.(8) | Guatemala | Operating Leasing | 100.00% | 100.00% | 60.00% |
Agencia de Seguros y Fianzas Agromercantil S.A.(8)(9) | Guatemala | Insurance company | 100.00% | 100.00% | 60.00% |
Asistencia y Ajustes S.A.(8) | Guatemala | Services | 100.00% | 100.00% | 60.00% |
Serproba S.A.(8) | Guatemala | Maintenance and remodelling services | 100.00% | 100.00% | 60.00% |
Servicios de Formalización S.A.(8) | Guatemala | Loans formalization | 100.00% | 100.00% | 60.00% |
Conserjeria, Mantenimiento y Mensajería S.A.(8)(9) | Guatemala | Maintenance services | 100.00% | 100.00% | 60.00% |
Mercom Bank Ltd.(8)(10) | Barbados | Banking | 99.66% | 99.59% | 59.72% |
New Alma Enterprises Ltd.(8) | Bahamas | Investments | 99.66% | 99.59% | 59.72% |
Bancolombia Puerto Rico Internacional Inc. | Puerto Rico | Banking | 100.00% | 100.00% | 100.00% |
Bancolombia Cayman S.A.(11) | Cayman Islands | Banking | 100.00% | 100.00% | 100.00% |
Banco Agrícola S.A. | El Salvador | Banking | 97.36% | 97.36% | 97.36% |
Arrendadora Financiera S.A. Arfinsa | El Salvador | Leasing | 97.37% | 97.37% | 97.37% |
Credibac S.A. de C.V. | El Salvador | Credit card services | 97.36% | 97.36% | 97.36% |
Valores Banagrícola S.A. de C.V. | El Salvador | Securities brokerage | 98.89% | 98.89% | 98.89% |
Inversiones Financieras Banco Agrícola S.A. IFBA | El Salvador | Investments | 98.89% | 98.89% | 98.89% |
Gestora de Fondos de Inversión Banagricola S.A. | El Salvador | Administers investment funds | 98.89% | 98.89% | 98.89% |
Bagrícola Costa Rica S.A. | Costa Rica | Outsourcing | 99.17% | 99.17% | 99.17% |
Bancolombia Capital Holdings USA LLC(12) | United States | Holding | 100.00% | - | - |
Bancolombia Capital Adviser LLC(12) | United States | Investment advisor | 100.00% | - | - |
Bancolombia Capital LLC(12) | United States | Securities brokerage | 100.00% | - | - |
| (1) | On November 30, 2021, Grupo Bancolombia acquired 91,791 common shares of VLIPCO S.A.S. for COP 9,474. The Grupo Bancolombia had 94.77% of the sharehold of the company. For further information see Consolidate financial statement, Note 8. Investments in associates and joint ventures and Note 9.3 Business combinations. |
| (2) | In 2020, the Bank consolidated certain equity securities that are controlled through its subsidiary Fondo de Capital Privado Fondo Inmobiliario Colombia, due to the control definition is met according to IFRS 10. This equity securities are considered as a business, because of its capacity to generate income. |
| (3) | Company consolidated by the Fondo de Capital Privado Fondo Inmobiliario Colombia since October 2021. |
| (4) | The decrease in the shareholding is due to the repurchase outstanding stock carried out by the subsidiary during 2021. |
| (5) | The trust rights were assigned in June 2021. |
| (6) | Merger between the Banistmo S.A. (absorbing entity) and Financomer S.A. (absorbed entity) in November 2021. |
| (7) | Investments in non-operational stage. |
| (8) | On September 29, 2020, Grupo Bancolombia acquired 40% of the shareholdings of Grupo Agromercantil Holding (GAH), a company that owns the financial conglomerate Agromercantil of Guatemala. |
| (9) | Companies in voluntary liquidation. |
| (10) | On September 30, 2021, Mercom Bank Ltd shareholder authorized the beginning of an organized and gradual process to transfer of the assets and liabilities of Mercom Bank, Ltd., to Banco Agromercantil de Guatemala, S. A. or other companies of Bancolombia Group. For further information see Consolidate financial statement, Note 1. Reporting Entity. |
| (11) | On October 5, 2020, the Board of Directors of Bancolombia Panamá (parent company of Bancolombia Cayman), authorized the decision to wind-down the business and operations of its subsidiary in Cayman. For further information see Consolidate financial statement, Note 1. Reporting entity. |
| (12) | Companies created by Valores Bancolombia S.A. Comisionista de Bolsa in October 2021. For further information see Consolidate financial statement, Note 1. Reporting Entity. |