Cibest (Bancolombia) 2Q 2025 Net Income Jumps 24% Year-on-Year
Medellin-based multinational banking giant Grupo Cibest (formerly Bancolombia) announced August 6 that its second quarter (2Q) 2025 net income rose 24.4% year-on-year, to COP$1.8 trillion (US$444 million).
On the other hand, 2Q 2025 revenues declined by 3.6% year-on-year, to COP$8.62 trillion (US$2.13 billion), according to the company.
“Net interest income was COP$5.2 trillion [US$1.28 billion], increasing 3.2% compared to 1Q 2025 and decreasing by 0.5% compared to 2Q 2024,” according to the company.
“Cibest Group’s gross loan portfolio was COP$280 trillion [US$69 billion], increasing 0.4% compared to 1Q 2025 and 4.4% compared to 2Q 2024.
“The quarterly growth is explained by the higher balance across all portfolios. Deposits closed 2Q 2025 at COP$283 trillion [US$70 billion], increasing 2.4% compared to 1Q 2025 and 9.6% compared to 2Q 2024. The quarterly increase is primarily explained by savings accounts,” the company added.
Net credit provision charges for 2Q 2025 dipped 0.3% compared to 1Q 2025, totaling COP$1.1 trillion (US$271 million). “All portfolios showed a reduction in provision expenses,” according to the company.
As for the group’s digital banking strategy, “a favorable trend is observed, in line with last year’s results. As of June 2025, Bancolombia had 9.4 million active digital customers in the ‘Personal App’ (measured over a 90-day period), as well as 25.5 million accounts on its ‘Nequi’ financial inclusion platform,” the company added.
As for its Colombia national operations under the “Bancolombia” banner, Cibest noted that “the Colombian economy is showing signs of stabilization, with GDP growth of 2.7% in the first quarter of 2025 and an annual projection of 2.6%.
“Inflation gradually decreased to 4.8% in June, approaching the target range for 2026.
“Colombia’s Banco de la República lowered its interest rate to 9.25%. However, fiscal challenges persist, with a projected deficit of 7.1% of GDP and public debt exceeding 63%.
“Furthermore, international uncertainty, marked by conflicts and tariff measures, could affect inflation and local monetary policy,” the company warned.
In Colombia, Bancolombia’s loan portfolio rose 1.1% in 2Q 2025 compared to 1Q 2025, and rose by 6.8% in the last 12 months. “The largest quarterly growth was recorded in the mortgage portfolio, driven primarily by the interest rate reduction strateg,” according to the company.
“Contrary to the trend observed in the last three quarters, the consumer portfolio [in Colombia] showed an increase during this period, explained by the strong performance of ‘Nequi,’ credit cards, and payroll loans.
“The commercial portfolio, on the other hand, showed the lowest growth. However, the increase compared to the previous quarter was largely due to the positive performance of our leasing producto,” the company added.
