Failures at Bancolombia: Entity assures customer money is safe and promises compensation if necessary

Portafolio Journalist 02.23.2026 18:15 Updated: 02.23.2026 19:34

Failures at Bancolombia: Entity assures customer money is safe and promises compensation if necessary

TL;DR

  • System failures at Bancolombia were caused by a planned technological maintenance and an external provider's technical fault.
  • Customer money and information are secure, and the incident is not a cybersecurity issue.
  • Services for individuals and businesses were affected, causing "real difficulties" for urgent operations.
  • Essential functions like card usage, ATM withdrawals, and internal transfers were prioritized.
  • Bancolombia acknowledges a breach in its service promise and will compensate clients if necessary.
  • Technical teams are working to restore all services and complete the system update.
  • Physical and digital channels were temporarily suspended for adjustments.
  • Restoring services is the bank's top priority.