Cuscatlán closes the US$1.418 billion purchase of Banistmo
A Central American group replaces Colombian ownership at Panamá's fifth-largest bank, at 1.2 times book.
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Grupo Cibest, parent of Bancolombia, completed the sale of 100% of Banistmo to Banco La Hipotecaria, a subsidiary of Inversiones Cuscatlán Centroamérica, on 30 June 2026 at US$1.418 billion, per Cibest's 6-K filings with the SEC. The deal was announced on 18 December 2025. In August 2026 Banistmo reported US$10.4 billion in assets and US$7.0 billion in loans, per the Superintendencia de Bancos' individual bank balances.
It follows Cuscatlán's purchases of Banco Inmobiliario in Guatemala (December 2024) and La Hipotecaria (September 2025), and runs alongside BAC's purchase of Multibank from Banco de Bogotá for US$464 million, per Grupo Aval's 20-F, authorised as a merger by the SBP on 14 May and a single brand from 9 June. Watch the integration, the leverage behind the purchase, and Cibest's redeployment: an extraordinary dividend of COP 1.2 trillion was paid on 1 September.
Grupo Cibest 6-K, 30 Jun 2026 · Cibest 2Q26 6-K · Estrategia & Negocios · SBP-BAN-R-2026-00284, 14 May 2026 · Grupo Aval 20-F FY2025