Bancolombia is Colombia's largest bank and one of the strongest financial franchises in the Andean region, with operations across Colombia, Panama, El Salvador, Guatemala, and the Cayman Islands. The bank has consistently delivered ROE above 20% in normal credit environments and is taking digital deposits seriously with Nequi (a challenger bank subsidiary with 18M users). Colombia's political environment under Petro is the primary risk factor, but Bancolombia has navigated hostile political regimes before. Dividend yield above 6% reflects both the income profile and the political discount.
Thesis reviewed May 29, 2026
Bancolombia S.A. is headquartered in Colombia, which is currently showing elevated risk signals.
🇨🇴Colombia78NEUTRALView Colombia risk detail →🏦Financials100NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| MELI | MercadoLibre | 90 | -14% | ↓95% | AVOID |
| VIV | Telefonica Brasil (Vivo) | 90 | +8% | ↓95% | ENTRY |
| UBS | UBS Group AG | 90 | +17% | ↓95% | ENTRY |
| CIB | Bancolombia S.A. | 90 | +9% | ↓95% | NEUTRAL |
| DB | Deutsche Bank AG | 90 | -13% | ↓95% | AVOID |
| SAN | Banco Santander SA | 90 | +16% | ↓95% | ENTRY |
| KB | KB Financial Group Inc. | 90 | +17% | ↓95% | ENTRY |
Investors who hold CIB may also have indirect exposure through these country funds.
Bancolombia Q4 ROE recovers to 18%; credit quality improving as rate cycle peaks
Nequi reaches 18M registered users; 40% now credit-active — monetisation accelerating
Central America operations delivering 25% of group profits; Panama especially strong
Estimates · Yahoo Finance · Not audited figures