Grupo Cibest, Bancolombia’s parent, sold Panama bank Banistmo for US$1.4 billion — yet it is expanding a wealth and capital-markets hub in Panama.
Banking
Key Facts
—The sale. Grupo Cibest, the holding company of Colombia’s Bancolombia, sold its Panama retail bank Banistmo for about US$1.4 billion, closing in mid-June 2026.
—The buyer. Banistmo went to Banco La Hipotecaria, part of the Salvadoran group Inversiones Cuscatlán.
—The twist. Despite exiting retail, Cibest is not leaving Panama; it is expanding a regional banking, investment and capital-markets hub there.
The Banistmo sale is now done: Bancolombia parent Grupo Cibest has handed its Panama bank to a Salvadoran group for about 1.4…
En el país centroamericano el grupo colombiano atiende a más de 33.800 clientes y administra activos por cerca de US$9.500…
La institución financiera pasa oficialmente a formar parte de Inversiones Cuscatlán Centroamérica luego de recibir las…
La autorización permite culminar una operación de $1,418 millones, iniciar la integración del banco panameño al nuevo Grupo…
Banco de Bogotá won approval to buy Itaú's retail bank in Colombia and Panama, taking on 270,000 clients as a foreign lender…
La transacción por USD 70 millones, canalizada mediante su filial panameña, apunta a reforzar la solidez patrimonial de la…
