Grupo Cibest reports Q1 2026 net income of COP 1.5 trillion, down 16% year over year after recording a one-time wealth tax provision. Normalized net income is COP 1.8 trillion, and the company announces a new share buyback program while expecting the Banistmo sale to close in Q2 2026.
Grupo Cibest reports COP 3.8 trillion in annual net income and a 9.1% return on equity for 2025. Excluding the one-off Banistmo impairment effect, normalized net income reaches COP 7.3 trillion, with ROE of 17.2%. Digital platforms Nequi and Wompi reach breakeven in Q4.
Grupo Cibest reports that its net profit falls 39% in 2025 to COP 3.82 trillion, mainly reflecting the effect of an agreement to sell its Panamanian subsidiary Banistmo to Inversiones Cuscatlán Centroamérica. The group posts a fourth-quarter net loss of COP 1.85 trillion, which it attributes to a COP 3.4 trillion goodwill impairment.
Nequi, Grupo Cibest’s digital platform, has expanded beyond Colombia by launching services in El Salvador and Guatemala through Bancoagrícola and Bam. The platform offers more than 30 financial services, has served over 26 million clients in Colombia, and processed more than 70 million transactions in a single day.
