Aug. 18 at 11:20 AM
$CIB
This company is like a mini slave nation. Their costumers pay so much in fees they can’t get ahead.
Owning this bank is literally like owning slaves. They take so much from their customers it’s crippling. But hearts don’t pay the bills right?
There has been Crazy growth in this name. A lot due to their dividend. High, juicy, and straight from their customers bank accounts. This bank doesn’t make much money investing. It’s all transaction fees.
I have been in Colombia for months out of the year for the past 6 years. Most of my Colombian friends have Bancolombia. It’s the single biggest reason they are still financially struggling. It’s a bank that keeps their customers poor. When I tell them about my bank, they think that it’s white privilege. It’s not, it’s my bank.
It’s bittersweet to get rich off of other people getting poor. I know It’s the way of the jungle but with this company it’s no fluff just wealth transfer by a thousand fees.
