Banombia S.A.(CIB) - 2023 Q1 - Earnings Call Transcript

Bancolombia S.A. (NYSE:CIB) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Carlos Gomez - HSBC Net provisions for credit losses for the quarter were COP2 trillion, equivalent to a cost of risk of 3.1% for the quarter. This represents an increase of 17.5% quarter-over-quarter, driven mainly by consumer segment deterioration as households' disposable income faces pressure on the back of high interest rates and persisting inflation. As expected, nonperforming loans reflect the rollover deterioration ...