Bancolombia (CIB) has released an update.
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Bancolombia S.A. reported a second-quarter net income of COP 1.4 trillion for 2024, a decrease of 13.4% from the previous quarter, while loan growth was up 3.0% and digital customer engagement continued to grow with 8.7 million active app users. The bank’s shareholders’ equity increased by 7.5%, attributed to retained earnings and the depreciation of the Colombian Peso, with the bank maintaining regulatory compliance in solvency ratios. An increase in provision charges, particularly in SMEs and corporate segments, marked a notable rise in quarterly provisions.
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