Company: CIB
Filing Date: 2025-08-15
Form Type: 6-K
Source: 0002058897-25-000035
Chunk: 6

Company: Grupo Cibest S.A.
Filing Date: 2025-08-15
Form: 6-K
Chunk 6
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 economic expectations across all regions.

Provisions as a percentage of average gross loans, quarterly annualized, were 1.57% for 2Q25 and 1.71% for the last 12 months. Grupo Cibest consolidated maintains a balance supported by an adequate level of past-due loan reserves. Loan loss provisions (for the principal) totaled COP 13,358 billion, or 4.9% of gross loans as of the end of 2Q25, decreasing compared to 1Q24.

Stage 2+3 loan portfolio continued to decrease compared to the previous quarter, mainly driven by the positive performance of the portfolios, especially at Bancolombia and Banistmo, with the respective coverage level remaining stable.

#### Operating Expenses
During 2Q25, operating expenses totaled COP 3,691 billion, reflecting a 5.7% increase compared to 1Q25 and an 11.8% growth versus 2Q24.

The efficiency ratio was 50.7% in 2Q25 and 50.2% over the last twelve months. Personnel expenses (salaries, employee benefits, and bonuses) amounted to COP 1,575 billion in 2Q25, representing a 2.9% increase over 1Q25, primarily due to higher bonus payments.

Compared to 2Q24, personnel expenses rose by 16.8%, mainly as a result of the annual salary adjustment and increased bonuses. In line with the higher profits year-to-date.

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General expenses totaled COP 2,115 billion for the quarter, representing a 7.8% increase over the previous quarter and an 8.4% rise compared to the second quarter of 2024. The quarterly increase was largely due to the financial transaction tax associated with the one-time payment of ordinary and extraordinary dividends, , as well as fees associated with the corporate evolution towards Grupo Cibest consolidated. On an annual basis, the increase was also mainly explained by fees related to the corporate evolution towards Grupo Cibest consolidated and higher technology licensing and maintenance costs.

As of June 30, 2025, Grupo Cibest consolidated had 33,993 employees, 850 branches, 6,105 ATMs, 35,235 banking agents, and more than 33 million clients.

#### Taxes
Grupo Cibest consolidated recorded an income tax expense of COP 655 billion, resulting in an effective tax rate of 28%. This outcome was