Grupo Cibest Reports Q3 2026 Net Income of COP 2 Trillion Amidst Macroeconomic Volatility
Grupo Cibest (CIB) reported strong third-quarter results for 2026, achieving a net income of COP 2 trillion. This represents a 10.5% year-to-date increase, successfully offsetting the earnings loss from the Banistmo divestment. The group maintained a solid Return on Equity (ROE) of 21.7%, supported by disciplined expense management and a Net Interest Margin (NIM) of 7.4% as time deposits resumed growth. Despite robust loan portfolio growth and upwardly revised 2026 guidance, the company faces headwinds from Colombia's political and economic landscape. Management noted that recent earthquakes in Southwest Colombia and fiscal vulnerabilities remain key risks. However, the digital platform Nequi continues to show significant momentum, with its loan book expanding by 12% following its transition to an independent commercial financing entity.
Topics: digital banking loan growth net income net interest margin return on equity