Cibest (Bancolombia) 3Q 2026 Net Income Dips 2.97% Year-on-Year
Medellin-based multinational banking giant Cibest (Bancolombia) announced November 9 that its third quarter (3Q) net income fell 2.97% year-on-year, to COP$2.08 trillion (US$634 million), from COP$2.14 trillion (US$653 million) in 3Q 2025.
Comparing 3Q 2026 net income to 2Q 2026, “this [3Q 2026 profit] represents a decrease of 23.81% compared to the previous [2Q 2026] quarter,” while “annualized quarterly return on equity (ROE) was 21.75%,” according to the company.
Net interest margin for 3Q 2026 dipped 51 basis points, to 7.43%, compared to 2Q 2026, while “net interest income was COP$5.74 trillion [US$1.75 billion], a decrease of 4.88% from 2Q 2026 and an increase of 15.78% from 3Q 2025,” according to Cibest.
Gross loan portfolio reached COP$274 trillion (US$83 billion) at the end of 3Q 2026, up 4.31% over 2Q 2026 and up 9.67% compared to 3Q 2025.
“Across all segments, every loan category showed positive performance, led by the commercial loan portfolio,” according to Cibest.
“Deposits totaled COP$275 trillion [US$83.9 billion] an increase of 1.47% from 2Q 2026 and 8.63% from 3Q 2025.
“This trend was driven by higher deposit inflows in the institutional segment. By deposit type, the quarterly growth was primarily fueled by higher balances in term deposits and savings accounts.
“Net credit provision expenses stood at COP$1.19 trillion [US4363 million] in 3Q 2026, an increase of 16.77% compared to 2Q 2026, with an annualized quarterly cost of credit of 1.80%.
“This trend was primarily driven by stronger loan portfolio growth during the quarter, increased deterioration in credit card and UVR-denominated mortgage portfolios, and additional provisions established for significant client exposures,” the company added.
Also during the latest quarter, “on September 1, 2026, Bancolombia S.A. entered into a definitive agreement with Nequi S.A. Compañía de Financiamiento (“Nequi”), whereby Bancolombia transferred to Nequi the assets, liabilities, and contracts associated with the Nequi business line—those necessary for it to commence independent operations as a financing company,” according to Cibest.
“As a result of this agreement, Nequi officially began its operations within the Grupo Cibest ecosystem on that date as Nequi S.A. Compañía de Financiamiento.”
On another front, “on June 30, 2026, Grupo Cibest finalized the sale of Banistmo S.A., which had been announced to the market on December 18, 2025. Following the completion of the sale, Grupo Cibest transferred 100% of the shares of Banistmo to Banco La Hipotecaria S.A. — a subsidiary of Inversiones Cuscatlán Centroamérica S.A. — in exchange for the previously announced, agreed-upon sale price of US$1,41 billion.
“Consequently, Banistmo is no longer a subsidiary of Grupo Cibest and has become the sole property of the Inversiones Cuscatlán group,” the company added.
