Bancolombia S.A. announced that a fine of COP 800,000,000 has been imposed on the company by the Colombian Superintendence of Finance (Superintendencia Financiera de Colombia) for alleged failure to comply with regulations regarding charges for failed transactions. Such charges were imposed on transactions carried out by customers of Bancolombia using ATMs that are not part of Bancolombia’s network and that failed for reasons beyond Bancolombia's control.