CIB - Bancolombia: Growth In Retail Cutsomers Is Diversifying SME Risk
The Opportunity
Bancolombia (CIB) reported their Q3 earnings and the business trends appear favorable for the short to medium term prospects of the shares. The company is making a wide-scale push into digital banking to expand their customer base and make the customer acquisition process faster and more convenient. The share price has been continuing to consolidate as the bank restructures their loan portfolio to include more consumer loans. Economic conditions are favorable for the bank and they should benefit in 2019 when the Banco de la República raises interest rates and net