Grupo Cibest

Grupo Cibest

Colombia's largest bank by assets, operating under Basel III regulations with dual listings on the Colombian Stock Exchange and NYSE.

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Cibest S.A. is a major financial institution in Colombia, established through the 1998 merger of Banco de Colombia and Banco Industrial. At its inception, the entity represented the country's largest bank, holding 15.7% of the financial sector's total assets.

The company's business model is centered on traditional banking and financial services within the Colombian market. Its common shares have been publicly traded on the Colombian Stock Exchange since 1981, providing access to local capital markets. A significant milestone in its history was the 1995 issuance of preferred shares on the New York Stock Exchange (NYSE), which expanded its investor base internationally.

Cibest operates within a stringent regulatory framework dictated by Colombian authorities and international standards. The institution is required to maintain a minimum solvency ratio and is currently implementing Basel III requirements. This involves adhering to an additional core equity of 1.5%, a 1.5% capital conservation buffer, and a 1% systemically important buffer, with a phased implementation scheduled from 2021 to achieve a total solvency ratio of 11.5%.

Keywords: banking, financial services, Colombian market, public company, NYSE listed, Basel III, solvency ratio, asset management, capital markets, financial institution

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