Cibest Announces Dividend Growth and Share Buyback to Boost Market Confidence
Grupo Cibest, the holding company of Grupo Bancolombia. Photo: Courtesy
TL;DR
- Grupo Cibest will increase its dividend by 16% to $4,512 per share, distributing $4.3 trillion.
- A new share buyback program of $1.35 trillion over three years has been approved.
- These measures aim to boost market confidence despite a 39% decrease in net profit for 2025, attributed to an accounting impact from the Banistmo sale.
- The company reports approximately $380 trillion in assets, with a credit portfolio of $256.3 trillion.
- Bancolombia remains the group's main asset, serving over 16 million clients.
- Digital businesses like Nequi (27.4 million users) and Wompi (over $50 trillion mobilized) show strong growth.