BANCOLOMBIA SA | CIK:0001071371 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BANCOLOMBIA SA (CIK: 0001071371)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/0001144204-18-023396-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/cib-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001071371
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    • ifrs-full:DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory

    The economic assumptions used in the determination of the present value of the defined benefit plans, in nominal terms, are as follows:
     
    Colombia
     
    Main projected assumptions
    December 31, 2017
    December 31, 2016
    Discount rate 
    6.60%
    6.90%
    Rate of wage increase
    7.00%
    9.00%
    Projected inflation
    4.00%
    6.50%
     
    Bancolombia Panama
     
    Main projected assumptions
    December 31, 2017
    December 31, 2016
    Discount rate 
    3.00%
    3.10%
    Rate of wage increase
    3.00%
    3.00%
    Projected inflation
    2.00%
    2.00%
     
    Banistmo
     
    Main projected assumptions
    December 31, 2017
    December 31, 2016
    Discount rate 
    3.00%
    3.10%
    Expected long-term rate of return on plan assets
    2.10%
    6.00%
    Rate of wage increase
    3.00%
    3.00%
     
    El Salvador
     
    Main projected assumptions
    December 31, 2017
    December 31, 2016
    Discount rate 
    3.60%
    5.10%
    Rate of wage increase
    2.50%
    3.00%
    Projected inflation
    1.50%
    2.00%
     
    Guatemala
     
    Main projected assumptions
    December 31, 2017
    December 31, 2016
    Discount rate 
    8.20%
    8.20%
    Rate of wage increase
    5.00%
    5.03%
    Projected inflation
    4.00%
    4.00%