Central bank records $13.9 trillion profits in 2025

The Banco de la República reported record profits of $13.9 trillion for the end of 2025, mainly driven by net income from international reserves. These earnings surpass Ecopetrol's transfers for the second consecutive year. The bank will transfer $13.8 trillion to the National Government, partly in debt securities and partly in cash.

The Banco de la República, known as the central bank, ended 2025 with historic profits of $13.9 trillion, according to the audit report issued alongside KPMG S.A.S. This outcome stems largely from the net income of international reserves, amounting to $11.894 trillion in the income statement.

International reserves hit a record of US$11.858 million in February 2025. For the second year in a row, these profits exceed those of Ecopetrol, which reported $5.1 trillion in transfers.

Under the legal framework, the remaining profits, after deductions for cultural investments and statutory reserves, go to the Nation. The Board of Directors approved transferring $13.8 trillion to the National Government. As requested by the Ministry of Finance and Public Credit, a portion will be paid with TES from the monetary intervention portfolio, valued at market prices, and the rest in cash to the Government's account at the bank.

This transaction complies with Law 2559 of 2025, which allows payments in cash or public debt securities, and aligns with the central bank's projected monetary management.

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

Banco de la República posted profits of $2.67 trillion for February 2026, a drop of 8.49% from the same period in 2025. Total income reached $3.10 trillion, down 9.12%. The decline stems mainly from weaker performance in international reserves.

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In its latest monthly update, Colombia's Banco de la República reported accumulated profits of $2.55 trillion through March 2026—a 43% drop from $4.43 trillion in March 2025. This continues a downward trend following February's 8.49% decline to $2.67 trillion (part of our ongoing Banco de la República Profits Reports series). Assets, equity, and reserves also fell.

Ecopetrol will report on its operations, revenues, and EBITDA for the first quarter of 2026 on May 12 and 13. Interim president Juan Carlos Hurtado will present the figures instead of Ricardo Roa, who requested vacation and unpaid leave. The company projects declines in revenues and net profit compared to last year.

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Union Asopetrol warned that Ecopetrol faces financial suffocation from its first-quarter 2026 profit drop. High taxes and peso revaluation were cited as key factors.

In its latest auction, Colombia's Ministry of Hacienda placed 900 billion pesos in short-term Treasury titles (TCO) maturing April 20, 2027, at a cutoff rate of 13.450%—slightly lower than the prior auction's 13.65%. Bids totaled 1.6 trillion pesos, or 1.7 times the amount offered, signaling robust demand amid efforts to develop the domestic capital market.

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