Grupo Cibest 3Q26 net income drops 24% quarter-on-quarter to COP 2.08 trillion
CIB•Grupo Cibest’s third-quarter 2026 net income attributable to shareholders fell 24% quarter-on-quarter to COP 2.08 trillion. Net interest income rose 16% year-over-year to COP 5.74 trillion, while provisions increased 17% quarter-on-quarter to COP 1.19 trillion.
1. Quarterly results
Grupo Cibest’s third-quarter 2026 net income attributable to shareholders fell 24% from the previous quarter to COP 2.08 trillion. Net interest income rose 16% year-over-year to COP 5.74 trillion, and net interest margin was 7.43%.
2. Provisions and other income
Net loan loss provisions climbed 17% quarter-on-quarter to COP 1.19 trillion, partly due to higher loan originations. Other operating income dropped 37% to COP 592.47 billion, primarily due to lower foreign-exchange gains and real estate valuations.
3. Nequi operations
Nequi began independent operations within the group on September 1 and recorded a quarterly accounting loss of COP 5.85 billion.
