Banco de Bogotá (BOGOTA) Q2 2025 earnings summary

Executive summary

• Net income attributable to shareholders reached COP 430.1 billion in Q2-2025, up 61% from the previous quarter and 118% year-on-year, with ROA at 1.1% and ROE at 10.3%.

• Digital transformation initiatives led to a 5% increase in digital transactions quarter-over-quarter, with new product launches and enhanced business banking functionalities.

• Results benefited from two arbitration awards, netting a positive impact of COP 91 billion.

• Sustainability efforts recognized with multiple awards; green loan portfolio grew 30.7% year-on-year to COP 5.6 trillion, and social loan disbursements to women-led SMEs exceeded COP 1.8 trillion in H1-2025.

• Excluding one-time items, recurring ROE was 8.2% and ROA was 0.9%.

Financial highlights

• Total assets reached COP 153.1 trillion, up 5.3% year-on-year and 2.3% quarter-on-quarter.

• Gross loans grew 2.6% year-on-year to COP 106.7 trillion, led by mortgages; quarter-over-quarter growth was 0.3%.

• Deposits increased 2.1% in the quarter to COP 107 trillion, representing 81.3% of funding, with a deposits/net loans ratio of 1.05x.

• NIM improved to 4.3%, up 11 basis points sequentially.

• Fee income ratio was 25.6%, and cost to income ratio rose to 51.3%.

Outlook and guidance

• Loan growth expected between 6% and 7% for 2025; NIM forecasted around 4.3%; net cost of risk between 1.9% and 2%.

• Fee income ratio expected near 25%; cost to income ratio around 50%; cost to assets at 2.6%.

• Return on average equity projected at approximately 8.5%.

• Forward-looking statements highlight potential impacts from economic conditions, interest and currency rate changes, and other risk factors.