The next Financial Holding Grupo Cibst announced Friday through the Financial Superintendence to the members of its Board of Directors for the period May 2025-March 2027in one of the previous steps before the materialization of the conglomerate.
“This decision is made in the framework of the evolution process of the corporate structure of Bancolombia S (” Bancolombia “) and its subordinates (” Bancolombia Group “), by virtue of which once a series of corporate operations are perfected, Grupo Cibst will be the matrix of the Bancolombia Group, and Bancolombia’s shareholders will become Shareholders of Grupo Cibst “said the entity in the document shared before the regulatory entity.
“In this line, The Board of Directors of Bancolombia SA that it exercised until April 23, 2025, becomes the Board of Directors of Grupo Cibst“, complemented the entity.
The document also determined that the conglomerate administration recorded that the necessary processes and authorizations were supplied to carry out the General Assembly of Shareholders, and that the decisions adopted “are of competence of the Assembly in accordance with the provisions of the Law and in the Social Statutes.”
In this way, it is worth noting that Luis Fernando Restrepo Echavarría He was appointed as president of the Board of Directors, and Ricardo Jaramillo Mejía, as his vice president.
Among the rest of the managers Juan David Escobar, President of Insurance Sura stand out; Economist Silvina Vatnick and Sylvia Escar, former president of the Terpel organization.
They are also added, Arturo Condo Tamayo and Andrés Felipe Mejía Cardona.
It is worth remembering that now the Grupo Cibst will be the head of the entire holding, then there is Bancolombia (Colombia), along with Banistmo, BancoAgrícola and Bam, as well as Wompi, Renting Colombia, Wenia and the Nequi wallet.
Below are Bancolombia Division Panama, Together with Cibest Capital (Fiduciary, Values and Investment bank) and the Colombian Real Estate Fund (See graph).
This approval, according to the entity, seeks to separate the two roles that Bancolombia has, one as a bank, and on the other as the matrix of the Bancolombia Group, which is the current owner of the banking entities in Central America and other companies, such as Wompi, Renting, Wenia and Nequi, among others.
It should be noted that Bancolombia will continue to develop its activities as a banking entity in Colombia.
