A. M. Grupo Cibest, the parent company of Bancolombia and other complementary businesses in Colombia, Panama, Guatemala, and El Salvador, announced its consolidated financial results for the second quarter of 2025. This is the first report the organization has issued since its creation as a holding company for the businesses previously consolidated by Bancolombia.
At the end of june, Grupo Cibest’s assets stood at US$92.2 billion, 8.6% more than in the first half of 2024, while equity closed the half at US$10.1 billion, representing a 7.3% increase compared to the same period last year.
Grupo Cibest’s gross loan portfolio (which includes operations in the four countries) stood at US$68.7 billion, growing 6.4% year-over-year, with increases across various segments (consumer, commercial, housing, and microcredit). Deposits, meanwhile, grew 11.7% annually, reaching US$69.5 billion at the end of the quarter, driven largely by savings account balances.
Meanwhile, net income for the april-june 2025 period was US$427 million, for a cumulative first-half net income of US$841.2 million.
“The creation of Grupo Cibest is one of the most significant strategic milestones in our 150-year history. It allows us to operate with a more integrated, agile, and sustainable vision, as well as reaffirm our commitment to the economic and social development of each of the countries where we operate”, said Juan Carlos Mora, CEO of Grupo Cibest.
The quarter’s results are possible thanks to the work of the organization’s various subsidiaries to be the financial ally of more than 33 million clients in the region, across banking, asset management, capital markets, treasury, and many other areas that help it realize its purpose of promoting sustainable development for the well-being of all.
Colombia: Operations in the local market are the most significant for Grupo Cibest. Bancolombia closed the first half of the year with 16.2 million customers, a portfolio balance of US$48.8 billion, which grew 8% annually, driven by different segments, and 9.4 million digital customers who use the Mi Bancolombia app.
Meanwhile, Nequi, the Group’s digital financial platform, has 25.5 million customers and processes an average of 540 million transactions each month. Its portfolio balance ended june at US$289 million, a 40% increase compared to the first quarter.
Meanwhile, the Wompi payment platform, aimed at small and medium-sized businesses, surpassed 21,400 active users. And Wenia, the cryptoasset company of Grupo Cibest, is reaching an increasing number of Colombians who want to take advantage of the possibilities of the digital economy, and already has more than 2,500 active users.
Panama: Banistmo reported a portfolio balance of US$7.8 billion and closed the half-year with more than 557,000 clients. The bank completed the update of its core banking system, with its digital channels exceeding 99% availability. Regarding interoperability, it was integrated with Kuara, the platform for instant transfers between banks using only the recipient’s cell phone number.
Guatemala: At Bam, which has more than 617,000 clients, the portfolio balance grew 7% compared to june 2024, reaching US$4.9 billion. One of the projects in which the bank participated, together with Banco Agrícola de El Salvador, was the financing of Mobiliare Real Estate Solutions, one of the largest real estate funds in the region. The two contributed 68.5% of the financing, approximately US$148 million, resources that will be used to refinance financial liabilities, develop new real estate projects, and free up resources for future strategic investments.
El Salvador: Bancoagrícola closed the half-year with a portfolio balance of US$4.5 billion, 5% more than a year ago, and 1.7 million clients. Among the projects supported by the bank is the structuring of a US$200 million syndicated loan for CrediQ, the financial business unit of Grupo Q, a leading vehicle distribution company in six Central American countries.
