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%.

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

• Deposits totaled COP 104.0 trillion, up 10.8% year-over-year and 0.7% quarter-over-quarter.

• Acquisition of Banco 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

• Net interest margin (NIM) rose to 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%.

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

• Equity declined 12.6% year-over-year, with tangible capital ratio at 10.2%.

Outlook and guidance

• 2026 guidance: loan growth ~14%, including 7% inorganic growth; NIM ~4.7%; net cost of risk ~2.0%; fee income ratio ~21%.

• ROE guidance for 2026 revised to 7–8% due to higher expected expenses from Itaú integration.

• Cost-to-income ratio expected at 52–53%; cost-to-assets at ~2.7%.