Grupo Cibest S.A., based in Medellín, Colombia, officially launched in May 2025 as the new holding company spun off from Bancolombia to streamline and consolidate its financial and non-financial subsidiaries. While Bancolombia will continue operating as the core banking arm, Grupo Cibest now oversees the group’s broader ecosystem, including Nequi, Wompi, Renting Colombia, Wenia, and regional banks such as Banistmo (Panama), Bancoagrícola (El Salvador), and BAM (Guatemala). The restructuring follows a successful shareholder vote and regulatory approvals, with Cibest’s shares (both ordinary and preferred) trading in Colombia and the U.S., maintaining equal economic rights to Bancolombia shares .
The company offers a comprehensive portfolio of financial services across Latin America, with roots dating back to 1875. Its operations include retail banking—savings, loans, credit cards—factoring, leasing, foreign exchange, cash management, trade finance, treasury services, brokerage, project finance, wealth management, and insurance/bancassurance. With over 34,000 employees, Grupo Cibest supports more than 33 million clients in Colombia and Central America, integrating both consumer and corporate banking under its umbrella.
Reputation for delivering regional banking solutions is enhanced by its strong integration across Central American markets. In June 2025, Bancoagrícola secured a $200 million loan from IFC to deepen SME and green lending—underlining Cibest’s commitment to targeted financing in multiple jurisdictions. Fitch Ratings assigned a ‘BB+’ issuer default rating with a negative outlook to Cibest in May 2025, tied closely to Colombia’s sovereign outlook and reflecting the group’s financial strength and multi-country complexities.
The strategic focus for the coming years includes enhanced capital efficiency, fintech integration, and international expansion. A share buyback program up to COP 1.35 trillion was approved as part of a capital optimization plan. Bancolombia Capital, under Cibest’s direction, recently surpassed $1 billion AUM and continues growing its wealth-management services abroad. Cibest also signals potential financial innovations—mortgage securitization, crypto trading, and AI-driven advisory—to strengthen its position as a modern, regional financial platform .