Banco Davivienda (PFDAVVNDA) investor relations material

Executive summary

• Profitability and earnings rebounded in Q2 2026, driven by resilient margins, disciplined execution, and core business growth, despite operational impacts from an earthquake and persistent inflation.

• Integration of BNS operations in Colombia, Costa Rica, and Panama completed, expanding regional presence and scale; asset and liability transfers approved, with regulatory authorizations expected by late 2026 or early 2027.

• DaviPlata neobank platform expanded, launching a fully digital credit card and achieving strong growth in clients, deposits, transactions, and credit portfolio.

• As of June 2026, operations span 6 countries, serving over 26 million customers with 678 branches and nearly 3,000 ATMs.

Financial highlights

• Gross loan portfolio at COP 201.1 trillion, down 0.6% QoQ but up 44.2% YoY; excluding FX, loans grew 1% QoQ and 4% YTD.

• Net profit for Q2 2026 was COP 830 billion, more than doubling QoQ; accumulated net profit for H1 2026 was COP 1.13 trillion.

• Net interest income rose 17.8% QoQ to COP 3.67 trillion; cost-to-income ratio improved to 52.0% in Q2 2026.

• ROAE (core) increased to 13.62% in Q2 2026; CET1 ratio at 12.13%, up 18 bps QoQ and 75 bps YoY.

• Coverage ratio for total loans increased to 161.3%.

Outlook and guidance

• 2026 guidance: total loan growth 4–6% (8–10% ex-FX), NIM 5.8–6.1%, cost of risk 2.1–2.3%, cost-to-income ~54%, ROAE 10–11%.

• Mid-term (2028–2029) targets: cost-to-income 43–45%, ROAE 14–16%.

• Management expects continued growth in digital channels, sustainable portfolio, and regional integration benefits.