BVC is the Market Leader in Information Disclosure

September 11, 2015,
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BVC is the Market Leader in Information Disclosure
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A study by the CESA School of Business indicates that the capital market went from last to first
place in transparency and information disclosure.
With Corferias and Findeter, there are now 31 issuers with IR Recognition.
Bogotá, September 18, 2015. - The Colombian capital market came from last place in Latin
American markets in information disclosure and transparency to now become a leader, said BVC
CEO, Juan Pablo Córdoba, quoting the study submitted this week by CESA and the Colombian
Private Council on Competitiveness.
The research financed by the Swiss State Secretariat for Economic Affairs and the World Bank
shows that in the total level of information disclosure per company, "in 2010, Colombia had a
total disclosure index of 54%, placing it in the penultimate place in the region. In 2013, the
situation was very different. Colombia occupied a leading position with a disclosure index of
76.67%, significantly exceeding that of the region.”
“We are very proud and satisfied, because we have been able to largely contribute to the goal
of making Colombia a benchmark for investment based on the quality of information its
companies provide. The most notable item is that with this voluntary initiative, we reached 31
companies in the exchange. These now include Corferias and Findeter, which add to the
commitment to go beyond the regulations and provide a vote of trust for investors," added
Córdoba.
Similarly, the BVC CEO expressed that there is significant progress with the submission of
sustainability reports, which required work together with the Global Reporting Initiative (GRI).
Now, there are 26 companies that submit sustainability reports in line with the international
organization's standards.
“Good investor relations have greater relevance at times of uncertainty and volatility like now,
because it is when investors make decisions, and these must be based on accurate and timely
information," concluded the BVC CEO.
*Study: Revelación de información y el valor de las empresas en América Latina. María Andrea Trujillo
Dávila- Alexander Guzmán Vásquez. CESA School of Business - 2015.
Issuers who renew the IR Recognition:
1. ALMACENES ÉXITO
2. AVIANCA HOLDINGS
3. BANCO DAVIVIENDA
4. BANCO DE BOGOTÁ
5. BANCOLOMBIA
6. BBVA COLOMBIA
7. BOLSA DE VALORES DE
COLOMBIA
8. CANACOL ENERGY LTD.
9. CELSIA
10. CEMENTOS ARGOS
11. CEMEX LATAM HOLDINGS
12. CODENSA
13. CONSTRUCCIONES EL CÓNDOR
14. CONSTRUCTORA CONCONCRETO
15. ECOPETROL
16. EMGESA
17. EMPRESA DE ENERGÍA
BOGOTÁ
18. ETB
19. EPM
20. GRUPO ARGOS
21. GRUPO AVAL
22. GRUPO DE INVERSIONES
SURAMERICANA
23. GRUPO NUTRESA
24. GRUPO ODINSA
25. ISA
26. ISAGEN
27. ORGANIZACIÓN TERPEL
28. PROMIGAS
29. TITULARIZADORA
COLOMBIANA S.A
30. CORFERIAS
31. FINDETER
About the BVC:
The Colombian Securities Exchange (BVC:CB) is Colombia’s primary trading platform. It is a private company listed on
the public securities market. It is a multi-product exchange offering a trading platform for the equity, fixed income and
standardized derivatives markets. Also, through subsidiaries the BVC trades on the Foreign Exchange Markets (Set Icap
FX S.A.); fixed income and OTC derivatives (Set Icap Securities); Energy Spot Market (Derivex S.A.); Innovative
Technology Services (Sophos Banking Solutions) Market Data Services and it offers services to assess the value of
securities for its supply chain (Infovalmer PPV S.A.). It is also present throughout the whole securities industry value
chain through holdings in the Central Counterparty Risk Clearing House (CRCC), the FX Clearing House and the Central
Securities Depository (Deceval).
Press Contact:
Bolsa de Valores de Colombia
Department of Media and Public Relations
Jaime Sarmiento – Daniel Bernal
Tel.: +57 (1) 313-9800 Ext. 1246 / 1126
E-mail: dbernal@bvc.com.co