Banco de Bogotá (BOGOTA) investor relations material

Executive summary

• Net income attributable to shareholders for 2Q26 was COP 390.4 billion, with ROE at 10.0% and ROA at 1.1%, marking the first double-digit ROE since 2025 without extraordinary events.

• Gross loans grew 10.2% year-over-year and 3.3% quarter-over-quarter to COP 100.4 trillion, with all segments contributing to growth.

• Deposits reached COP 104 trillion, up 10.8% year-over-year and 0.7% quarter-over-quarter, led by savings and time deposits.

• Acquisition of Itaú's retail banking business in Colombia and Panama completed August 1, 2026, expanding assets and client base.

• Digital transformation initiatives drove 80% digital share in personal loans and growth in real-time payment flows.

Financial highlights

• Total assets stood at COP 141.1 trillion, down 0.8% quarter-over-quarter and 7.9% year-over-year, mainly due to the Corficolombiana transaction and bond maturity.

• Net interest margin (NIM) was 5.0%, up 38 bps quarter-over-quarter; loan NIM at 5.3%, investment NIM at 3.4%.

• Fee income ratio was 20.7%, slightly below the 21% guidance.

• Efficiency ratio improved to 51.3%; cost-to-assets steady at 2.7%.

• Net cost of risk rose to 2.1% from 1.6% last quarter, mainly due to normalization in commercial and consumer segments.

Outlook and guidance

• Loan growth for 2026 is expected at 14%, including 7% inorganic growth from Itaú.

• NIM is projected at 4.7% for 2026.

• Net cost of risk is expected to be around 2% for the year.

• Fee income ratio guidance is 21%; cost-to-income ratio between 52%-53%; cost-to-assets at 2.7%.

• ROE guidance revised down to 7%-8% due to higher integration expenses from Itaú.