Bancolombia’s Strong Q3 Results and Digital Growth

Bancolombia (CIB) has released an update.

Bancolombia reported a robust third quarter in 2024, with net income increasing by 4.3% to COP 1.5 trillion compared to the previous quarter, and an annualized return on equity of 15.0%. The bank also saw growth in its digital strategy, boasting 8.8 million active digital customers and significant financial inclusion through its platforms. Gross loans grew marginally by 0.5%, primarily driven by the mortgage loan portfolio in Colombia.

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