Bancolombia: Unfairly Penalized

Dec. 27, 2022 1:05 AM ETBancolombia S.A. (CIB)7 Comments
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  • Bancolombia has underperformed YTD on political concerns.
  • Post-election policymaking has been more pragmatic, though, signaling a more benign regulatory environment ahead.
  • Recent hikes by the BanRep offer additional tailwinds to the NIM expansion path.
  • With the stock still at a wide discount to book, Bancolombia offers compelling value.

Facade and sign of an office of Bancolombia, a Colombian bank in Medellin

David Bautista/iStock Editorial via Getty Images

Bancolombia (NYSE:CIB), Colombia's largest banking group, may have seen its stock decline significantly YTD, but the fundamentals tell a completely different story. Supported by rising interest rates, CIB has delivered multi-year highs in its underlying profitability, with its


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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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