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Annual Report 2015 01 Our Bank ANNUAL REPORT 2015 01 OUR BANK 02 ANNUAL REPORT 03 2015: 10 HIGHLIGHTS 04 INSTITUTIONAL VIDEO 05 CONTACTS INDEX 01 OUR BANK BANCÓLDEX IS TRANSFORMING Here are no banks in Colombia exclusively dedicated to business growth. In general, there are no strategic vehicles in the country focused on this objective. Consequently, we are convinced that Bancóldex has to become a Development GROWTH PLATFORMS Bank in order to respond to regional business needs and contribute to the country’s business growth. This will help industry contribute more decisively to Colombia’s GDP. Additionally, there are two types of business growth in the country. On the one hand, the flat or vegetative growth represented by the businesses that record growth close to a single digit. According to information obtained from EMIS,1 these businesses reflected a real average slow-down corresponding to 2.2%. On the other hand, dynamic growth is led marked by companies that have sustain- able double digit growth. These businesses demonstrated an average growth of 21.7% according to this same information. BANCÓLDEX Additionally, analyzing Colombian business growth during the last decade, five types of companies have actively grown in profitability and sustainability and these businesses are showing growth of more than two digits. ENTREPRENEURIAL EXTRAORDINARY INVESTMENT AND INTERNATIONAL DYNAMIC PRODUCTIVE INSERTION GLOBAL FLOWS In effect, the businesses that showed truly surprising growth rates are the ones SCALING-UP GROWTH TRANSFORMATION EXPANSION ECOSYSTEMS AND FINANCIAL INCLUSION that strengthened their regional business model by conquering new markets, those that reconfigured their markets by changing ownership or receiving smart capital, those that globalized by establishing their own position abroad, those - Companies that - Exporting - Start-ups - Capital and venture - Mult ilatinas - Institutions that - Companies facing difficult that innovated their business model and those that had the possibility of insert- have double digit Companies - Scale-ups capital funds - Companies with encourage challenges in terms of growth - Technology - Corporate Start-ups the potential for competitiveness productivity. ing themselves in a fertile business ecosystem with relevant actors. - Companies with the Importers international growth in the regions potential to do it - IED Bancóldex extended these growth leverages with the aim of offering businesses - Productive Chains adequate tools to grow quickly, profitably and sustainably. These companies configured their business units based on six platforms in order to support busi- nesses according to their activity and state of growth, regardless of their size or GROWTH sector. PLATFORMS MARKET APPROACH 1 EMIS: Euromoney Institutional Investor Company 01 OUR BANK BANCÓLDEX IS TRANSFORMING BUSINESS ESCALATION PLATFORM EXTRAORDINARY GROWTH DYNAMIC ECOSYSTEMS PLATFORM PLATFORM Assisting businesses of all sizes with growth potential in all regions of Colombia with medium and long term credit that have favorable With this platform, Bancóldex works with organizations that en- terms for business modernization. This platform also aims to assist Assisting young companies with high growth potential and corpo- courage competitiveness and business growth in the regions the financing needs of chains of production that coordinate eco- rate undertakings with financing as well as other instruments to through different mechanisms. The first is focused on providing nomic activities involving markets, technology and capital. These encourage innovation. With this platform, Bancóldex aims to valid information on the regions that businesses select for their act as the foundation for productive development. identify the businesses that have the potential for extraordinary expansion. The Harvard Atlas of Economic Complexity tool is made growth2 in brief periods of time and support them with relevant available for the ecosystem as this helps to reflect the growth op- instruments like credits and guarantees for entrepreneurs, portunities in different sectors at the regional level. The second is amongst others. non-financial support to strengthen capacities in organizations and businesses. In this regard, the 3E Program delivers tools to export businesses that help them to constantly evaluate and innovate their international business models. Finally, projects are designed to GLOBAL FLOWS PLATFORM provide regional support for organizations through encouraging competitiveness in order to develop relevant and dynamic science, INVESTMENT AND TRANSFOR- technology and innovation based-proects for business growth. Assisting businesses that export non-traditional goods and servic- es, technology importers, capital assets and foreign companies MATION PLATFORM that invest in Colombia. These businesses requires tailor-made products and longer term financing than ancldex is capable of offering. Bancóldex has designed the Investment and Transformation Plat- form with the aim of generating investment opportunities in Private Equity/Venture Capital funds for business growth and to accompa- PRODUCTIVE INSERTION PLATFORMA ny the growth of businesses in different stages of maturity with financial products that are different to credit equity. This helps AND FINANCIAL INCLUSION leverage reconversion and reconfiguration strategies for business- es and facilitates access to the capital market. INTERNATIONAL EXPANSION This program primarily supports micro-companies facing difficult challenges in terms of productivity. This product involves access to PLATFORM financial services through financial intermediaries that provide loans for micro-entrepreneurial credit. There is a significant market consisting of businesses that have made the decision to export their business model and establish their own position abroad and require financing to carry out this initiative. Bancóldex has different products to support this objec- tive. 2.Start-ups: Dynamic businesses with high growth potential Scale-ups: companies valued at more than one million USD with the potential to double their size every three years Corporate entrepreneurship: new firms coming from escalating corporate assets and disruptive innovation. 01 OUR BANK ABOUT BANCÓLDEX BANCÓLDEX’S WHO IS OUR PURPOSE TARGET The ancldex group manages financial assets, develops access solutions and mobilizes massive1 POPULATION? amounts of capital by leveraging our relational capital and converting it into services for business growth. isionary entrepreneurs that are focused and capable of leading transformations in their industries, that dare to grow and are determined to do things differently and connect where there are opportunities. HOW DO WE e offer financial and non-financial products and ser- vices in accordance with the growth of companies. e promote strong business dynamics in regions in OPERATE? order to develop more competitive environments. The products and services that ancldex develops ancldex operates as a second-tier bank. This is to are framed in the growth platforms that companies are say that when an entrepreneur requests credit from a assigned depending on their state of growth. financial entity from a commercial bank, for example, this institution can request the resources the entrepre- neur requires from ancldex. ancldex delivers them to the financial entity and then they transfer them to the entrepreneur. 01 OUR BANK EXECUTIVE BOARD MEMBERS PRINCIPAL ALTERNATE DRA. CECILIA ÁLVAREZ - CORREA GLEN DR. DANIEL ARANGO ÁNGEL Minister of Commerce, Industry and Tourism Vice-Minister of Entrepreneurial Development DR. MAURICIO CÁRDENAS SANTAMARÍA DRA. MARÍA INÉS AGUDELO Minister of the Treasury and Public Credit Director of the Financial Institutions Guarantee Fund FOGAFIN DR. AUGUSTO LÓPEZ VALENCIA VACANT Representative of the President of Colombia DR. CARLOS EDUARDO QUINTERO VACANT Executive Board Member DR. GUILLERMO VALENCIA JARAMILLO DR LUIS GUSTAVO FLÓREZ ENCISO Manger - CID General Industries and Executive President ACICAM Investments 01 OUR BANK EXECUTIVE TEAM LUIS FERNANDO CASTRO VERGARA CLAUDIA LILIANA MEJÍA CUBILLOS RICARDO MESA MUÑOZ GLORIA ESTHER MEDINA NIETO SPECIAL President Comptroller Loan Department, Director Administrative Services Department, [email protected] [email protected] [email protected] Director E PROGRAMS [email protected] BEATRIZ ELENA ARBELÁEZ MARTÍNEZ MARISOL CAMACHO HOYOS DORIS ARÉVALO ORDOÑEZ ESPERANZA CRISTANCHO RODRÍGUEZ DANIEL QUINTERO CALLE Chief inancial Officer Corporate Relations Manager Global Flows, Manager Organizational Development Department, General Manager - INNpulsa Colombia [email protected] [email protected] [email protected] Director E [email protected] [email protected] JOSÉ ALBERTO GARZÓN GAITÁN JUAN CARLOS SARMIENTO ESPINEL ANA RUTH MARTÍNEZ PEÑA JOSÉ GILBERTO BAQUERO BELTRÁN CESAR AUGUSTO PEÑALOZA PABON Chief Legal Officer - Secretary General Legal Department, Director IT Department, Director Human Development Department, Director General Manager, Productive and [email protected] [email protected] [email protected] E Transformation Program [email protected] [email protected] MARÍA DEL MAR PALAU MADRIÑAN CLAUDIA MARÍA GONZALEZ ARTEAGA HERNANDO CASTRO RESTREPO CLAUDIA MARCELA BENAVIDES BERNAL JULIANA ALVAREZ GALLEGO Chief Corporate Strategy Officer Treasury, Director Entrepreneurial Scaling, Manager Director - Cali, Southern and Coffee one Bank of
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