Colombian banks profits rise 44 percent to 6.9 trillion pesos by May

The Superintendencia Financiera reported that Colombian banks accumulated 6.9 trillion pesos in profits by the end of May, a 44 percent increase from the same period in 2025. Bancolombia led with 3.1 trillion pesos in earnings.

Bancolombia, Davivienda and Banco de Bogotá led the results among the 30 institutions evaluated. Davivienda recorded 941.445 billion pesos, Banco de Bogotá obtained 599.105 billion pesos and Banco GNB Sudameris reached 418.727 billion pesos. Only three entities reported losses.

Andrés Langebaek, former ANIF vice president, noted that return on equity remains at 13.8 percent. He also highlighted that loan portfolio quality indicators improve in consumer, housing and commercial credit.

The analyst added that portfolio growth shows moderation and is projected near 8 percent for the rest of the year. David Cubides, chief economist at Banco de Occidente, attributed the results to dynamic consumption and increased confidence.

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Banco de la República unanimously holds interest rate at 11.25%, defying hike expectations amid government tensions

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In its May 1, 2026 board meeting, Banco de la República unanimously kept the benchmark interest rate at 11.25%, surprising analysts expecting a hike to combat accelerating inflation. Finance Minister Germán Ávila participated fully, citing constructive dialogue, while board members justified the decision to maintain stability amid political pressures.

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.

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Banco Mundo Mujer posted a net profit of 25.94 billion pesos in the first quarter of 2026. The figure marks a 4.44 percent drop from the same period last year.

Banco de la República reported Colombia's external debt reached US$247.699 million at the end of April, equivalent to 51.6% of GDP, down 2.1 percentage points from the prior year.

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Foreign direct investment reached US$3.794 million between January and March 2026, up 63.4% from the previous quarter.

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