Grupo Cibest S.A.

Unless otherwise specified or if the context so requires, in this annual report:

Entities

'Bam' - Banco Agromercantil de Guatemala S.A., a banking institution organized under the laws of the Republic of Guatemala, and its subsidiaries on a consolidated basis.

'Banagrícola' - Banagrícola S.A., a Panamanian company that is the parent company of Banco Agrícola S.A., and its consolidated subsidiaries.

'Bancoagrícola' - Banco Agrícola S.A., an El Salvador bank and its subsidiaries on a consolidated basis.

'Bancolombia' - Bancolombia S.A., a Colombian bank.

'Bancolombia's Financial Subsidiaries' - Banca de Inversión Bancolombia S.A., Fiduciaria Bancolombia S.A. and Valores Bancolombia S.A.

'Banca de Inversión Bancolombia' - Banca de Inversión Bancolombia S.A. Corporación Financiera, a Colombian investment banking subsidiary.

'Bancolombia Panamá' - Bancolombia Panamá S.A., a Panamanian subsidiary that provides banking services to non-Panamanian customers.

'Bancolombia Puerto Rico' - Bancolombia Puerto Rico Internacional Inc., a Puerto Rican subsidiary that provides banking services to customers who reside outside Puerto Rico.

'Banistmo' - Banistmo S.A., a Panamanian bank, and its subsidiaries on a consolidated basis, which constitutes a discontinued operation following the execution of a sale agreement. See"Agreement for the Sale of Banistmo" for further information regarding the sale of Banistmo.

'Cibest Capital' - Cibest Capital Holdings USA LLC, a U.S. brokerage and asset management company.

'Cibest Corporate Group', 'we', 'us' and 'our' - Grupo Cibest S.A. and its subsidiaries.

'Cibest Panamá Assets' - Cibest Panamá Assets S.A., a Panamanian subsidiary wholly owned by Grupo Cibest.

'Fiduciaria Bancolombia' - Fiduciaria Bancolombia S.A. Sociedad Fiduciaria, a Colombian trust and fund management subsidiary.

'Foreign Banks' - Bam, Banistmo and Bancoagrícola.

'Foreign Subsidiaries' - Grupo Cibest's foreign subsidiaries.

'Grupo Agromercantil' 'GAH' - Grupo Agromercantil Holding S.A., a Panamanian company and the parent company of Bam.

'Grupo Cibest' - Grupo Cibest S.A., a Colombian company.

'Nequi' - a 100% digital business line with a strong focus on financial inclusion, that operates under Bancolombia's license.

'Renting Colombia' - Renting Colombia S.A.S., a Colombian lease and fleet management subsidiary.

'Valores Bancolombia' - Valores Bancolombia S.A. Comisionista de Bolsa, a securities broker and the Colombian parent of brokerage and asset management company Cibest Capital Holdings USA LLC.

'Wenia' - Wenia Ltd., a Bermudian subsidiary, that allows individuals to buy, convert, receive, send and sell digital assets.

'Wompi' - Wompi S.A.S., a Colombian subsidiary and a payment platform.

Other Terms

'ADR program' - Grupo Cibest’s established framework to issue American Depositary Receipts (ADRs) representing American Depositary Shares (ADS) in the United States.

'ADSs' - Grupo Cibest’s American Depositary Shares (one ADS represents four Preferred Shares).

'Annual Report' - this annual report on Form 20-F.

'ATM' - automated teller machine.

'Board of Directors,' 'the Board' - the board of directors of Grupo Cibest.

'Central Bank' - Banco de la República, the central bank of Colombia.

'Consolidated Financial Statements' - our audited consolidated financial statements for fiscal years 2025, 2024 and 2023. Our fiscal year ends on December 31.

'DTF' - Depósitos a Término Fijo, the commercial interest rate for 90-day deposits in Colombia.

'ESG' - the Environmental, Social and Governance criteria.

'Grupo Sura' - Grupo de Inversiones Suramericana S.A., a Colombian holding company of the Sura‑Bancolombia Financial Conglomerate.

'IASB' - International Accounting Standards Board.

'IFRS' - International Financial Reporting Standards issued by the IASB.

'IFRS - IC' -International Financial Reporting Interpretations Committee.

'IRS' - U.S. Internal Revenue Service.

'NYSE' - New York Stock Exchange.

'OCI' - Other Comprehensive Income.

'Peso', 'pesos' or 'COP' - the Colombian peso.

'Preferred Shares' and 'Common Shares' - Grupo Cibest's outstanding, fully paid-in preferred and common shares ("acciones con dividendo preferencial sin derecho a voto" and "acciones ordinarias," respectively).

'Representative Market Rate' - Tasa Representativa del Mercado, the U.S. dollar market rate certified by Colombia's SFC.

'SEC' - the U.S. Securities and Exchange Commission.

'SMEs' - Small and Medium Enterprises.

'SMMLV' - Salario Mínimo Mensual Legal Vigente, the effective legal minimum monthly salary in Colombia. In 2025, the SMMLV in Colombia was COP 1,423,500.

'SOX' - refers to the U.S. Sarbanes-Oxley Act of 2002, as amended.

'Financial Superintendency' or 'SFC' - Superintendencia Financiera de Colombia, the Finance and Public Credit Ministry agency that exercises the inspection, oversight, and control over persons who engage in financial, securities, insurance activities, and any other activities related to the management, use, or investment of funds collected from the public.

'Superintendency of Industry and Commerce' or 'SIC' - Superintendencia de Industria y Comercio de Colombia, an agency of the Ministry of Commerce, Industry and Tourism that regulates competition in the financial services and other industries.

'Support Committees' - Committees composed of Board members, established to assist the Board of Directors in developing and strengthening its responsibilities and competencies.

'U.S.' or 'United States' - the United States of America.

'USD' - U.S. dollar.

'UVR' - Unidades de Valor Real, a Central Bank inflation-adjusted index used for pricing home mortgage loans.