Grupo Cibest SA ADR 2026年年度报告和过渡报告

For the fiscal year ended December 31, 2025OR Commission file number: 001-32535 Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each Class Not applicable(Title of Class) Common SharesPreferred Shares Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934.Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☐No☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See thedefinitions of “large accelerated filer”, “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act.: If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not touse the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: International Financial Reporting Standards as issuedby the International Accounting Standards Board☒ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.Item 17☐Item 18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS.) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Actof 1934 subsequent to the distribution of securities under a plan confirmed by a court.Yes☐No☐ TABLE OF CONTENTSEXPLANATORY NOTECERTAIN DEFINED TERMSCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSPRESENTATION OF CERTAIN FINANCIAL AND OTHER INFORMATIONPART IITEM 1IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSITEM 2OFFER STATISTICS AND EXPECTED TIMETABLEITEM 3KEY INFORMATIONA.SELECTED FINANCIAL DATAB.CAPITALIZATION AND INDEBTEDNESSC.REASONS FOR THE OFFER AND USE OF PROCEEDSD.RISK FACTORSITEM 4INFORMATION ON THE COMPANYA.HISTORY AND DEVELOPMENT OF THE COMPANYB.BUSINESS OVERVIEWB.1GENERALB.2OPERATIONSB.3SEASONALITY OF DEPOSITSB.4RAW MATERIALSB.5DISTRIBUTION NETWORKB.6PATENTS, LICENSES AND CONTRACTSB.7COMPETITIONB.8SUPERVISION AND REGULATIONB.9ESGC.ORGANIZATIONAL STRUCTURED.PREMISES AND EQUIPMENTE.SELECTED STATISTICAL INFORMATIONE.1DISTRIBUTION OF ASSETS, LIABILITIES AND STOCKHOLDERS’ EQUITY; INTEREST RATES AND INTERESTDIFFERENTIALE.2INVESTMENT PORTFOLIOE.3LOAN PORTFOLIOE.4SUMMARY OF LOAN LOSS EXPERIENCEE.5DEPOSITSF.UNRESOLVED STAFF COMMENTSITEM 5OPERATING AND FINANCIAL REVIEW AND PROSPECTSA.OPERATING RESULTSGENERAL DISCUSSION OF THE CHANGES IN RESULTS FOR 2025 VERSUS 2024B.LIQUIDITY AND CAPITAL RESOURCESB.1LIQUIDITY AND FUNDINGB.2FINANCIAL INSTRUMENTS AND TREASURY ACTIVITIESB.3COMMITMENT FOR CAPITAL EXPENDITURESC.RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.D.TREND INFORMATIONE.CRITICAL ACCOUNTING POLICIES AND ESTIMATESITEM 6DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESA.DIRECT