$CIB

Colombia markets were closed Friday for the Battle of Boyacá holiday, leaving Thursday’s COLCAP close at 2,350.44 as the week’s final reading. The dollar ended at 3,180.94 pesos, down 15.31% YoY. The new president Abelardo De La Espriella took office and outlined a tax overhaul without a wealth tax, fracking authorization, a spending freeze, and central bank independence. Ecopetrol was cited as a priority.

Colombia’s MSCI COLCAP fell 0.31% to 2,384.67 on Monday, with 6 of 9 stocks lower. The peso weakened 0.37% to 3,158 per US dollar, near its 52-week low. Tecnoglass rose 7.64% while Ecopetrol fell 1.01% to $16.60 and Bancolombia dropped 1.57% to $91.07. Brent and WTI fell 4.73% and 5.11%.

Latin America markets ended July 31 mixed. Ibovespa rose 0.47% to 177,999, while Mexico’s IPC fell 0.58% to 66,936, Chile’s IPSA slipped 0.13% to 11,017, and Argentina’s Merval fell 0.41% to 3,291,323. Brazil’s CSN launched a $1.3 billion bond exchange with an 11% coupon. Colombia’s Banco de la República held rates at 12% and began reserve purchases.

Colombian assets rose on Aug. 1, 2026. The COLCAP index gained 2.12% to 2,392.10 as the peso strengthened 2.46% to COP 3,122 per US dollar, a 52-week high. The move was attributed to higher global crude prices, lifting Ecopetrol and spilling into banks and utilities, with expectations that Colombia’s central bank may cut rates.

Banco Agromercantil (Banco BAM) in Guatemala received US$70 million in subordinated financing from Colombia’s Grupo Cibest, according to the holding company. The funds, structured as Tier 2 capital, are intended to strengthen Banco BAM’s solvency and expand lending, particularly to SMEs and independent workers.

Key Facts The COLCAP, Colombia’s main stock index, climbed 1.64% to close at 2,342.44 on Thursday extending a positive session driven by heavyweight energy and financial shares. The Colombian peso firmed 0.33% to 3,201 per US dollar continuing to trade well below its 52-week high of 3,864 as oil revenues support the currency.

Key Facts The COLCAP shed 0.38% closing at 2,274.53 points as energy shares dragged, while the Colombian peso strengthened a slight 0.09% to 3,213 per dollar. Ecopetrol acted as the main anchor slipping in sympathy with global crude prices that eased on Friday, weighing on the broader benchmark index. The peso sits 16.9% below its 52-week high trading near its strongest level of the year, a stark turnaround for a currency that touched 3,864 in the past twelve months.

Colombia’s MSCI COLCAP fell 0.60% to 2,283.28, driven by weaker oil prices and lower energy stocks, with Ecopetrol down 2.16%. The Colombian peso rose 0.37% to 3,215 per US dollar. The article links the move to a global risk-off session, citing the S&P 500 down 1.21%.

Commercial International Bank (CIB) reported 1H26 consolidated revenue of EGP 65.6bn and net profit of EGP 39.3bn. 2Q26 net profit was EGP 21.5bn. The bank reported gross loans of EGP 680bn, deposits of EGP 1.30tn, NPLs-to-gross loans of 1.49%, and Tier capital of EGP 257bn (28.4% of RWA).

Colombia’s COLCAP index closed Friday at 2,307.67, up 0.65% within a 2,284.48 to 2,307.84 range. USD/COP fell to about 3,242, near its 52-week floor of 3,240, with Banco de la República’s print at 3,241.75. The article links the move to Colombia’s 9.25% policy rate versus the Fed’s 3.50% to 3.75% band and to Brent’s 2026 gains supporting Ecopetrol cash flows.