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Who owns BAM (Banco Agromercantil) and how much did Bancolombia pay for it?

According to the cited documentsBranch-network figures come from: secondary sourceFinance

Price for the remaining 40% of Grupo Agromercantil Holding

US$289,144,606

Mar 13, 2020Bancolombia

BAM has been 100% owned by Grupo Bancolombia (Colombia) since 2020: according to the material-event filing (Form 6-K) submitted by Bancolombia to the SEC on 13 March 2020, it acquired the remaining 40% of Grupo Agromercantil Holding for US$289,144,606. Forbes Centroamérica confirms the move from 40% to 100% and that BAM was the country's fifth-largest bank by assets (Q28,289 million in 2020), though it does not publish the price. The network of 68 branches in the capital and 87 in the departments (2023) comes from Wikipedia and needs verification.

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  • BAM assetsQ28,289 million5th largest bank in the country2020SIB
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Sources

  • Bancolombia

    Form 6-K ante la SEC, 13-mar-2020

    • Price for the remaining 40% of Grupo Agromercantil Holding
    sec.govAccessed Aug 22, 2026Go to the source
  • Forbes Centroamérica

    4-mar-2020

    forbescentroamerica.comAccessed Aug 19, 2026Go to the source
  • Wikipedia

    Banco Agromercantil

    es.wikipedia.orgAccessed Aug 19, 2026Go to the source