Company: CIB
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0002058897-25-000052
Chunk: 19

Company: Grupo Cibest S.A.
Filing Date: 2025-11-14
Form: 6-K
Chunk 19
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, Panama, Guatemala, and El Salvador that could have fiscal, accounting, and operational implications.

#### Colombia
Regarding enacted regulation, the following stand out:

• Decree 1069 of 2025, related to payment orders and fund transfers to incorporate rules regarding immediate inter-entity and intra-entity transfers (within and outside the Bre-B ecosystem, when regulation allows it). In particular, the Decree includes a provision requiring the Bank to maintain a 99.5% availability in its transnational services, implying new technological obligations.

• External Circular 015 of 2025 from the SFC, which provides guidance on the Environmental and Social Risk Management System (SARAS), requiring the Bank to comply with new management and reporting standards for the SFC, although outside the Integrated Risk Management System (SIAR).

Regarding regulatory projects, the following are noteworthy:

• Financing Bill, through which the government aims to raise COP 16 trillion via new taxes and modifications to existing ones. Key provisions por Bancolombia include: i) an increase of 15 percentage points in the income tax surcharge for financial institutions (currently 5PPs); ii) new taxes on operations with significant economic presence; and iii) cross-sector taxes impacting financeable sectors and economic performance.

• Draft Decree (PD) on financial portability, which seeks to create an interoperable mechanism allowing financial consumers to request a change of entity for certain financial products (credit products). This project will entail implementation, operational, and mandatory data disclosure burdens, to be defined once the SFC issues instructions.

• PD on fiduciary market architecture, aiming to regulate a sector currently governed largely by judicial decisions rather than regulatory authorities. The project proposes a division of risks between fiduciary and non-fiduciary actors, with expected adjustments to ensure proper distribution of responsibilities, especially in real estate schemes.

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• Draft External Circular (PCE) from the Financial Superintendence regulating exposures to related parties of credit institutions. Pressure on limits may arise depending on definitions in the final version.

• PCE from the Superintendence of Industry and Commerce (SIC), which defines instructions for data handling in Fintech ecosystems. Although unspecified, it remains unclear whether these instructions will extend to financial institutions supervised by the SFC.

#### Panama
Regarding enacted regulation, the following stand out:

• Law 481 of 2025, establishes a preferential interest regime for certain mortgage loans. The State will subsidize the lower amount between the rate set in the