Grupo Cibest S.A.

Good morning, ladies and gentlemen, and welcome to Bancolombia's second quarter 2021 earnings conference call. My name is Ariel, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Following the prepared remarks, there will be a question and answer session. During the question and answer session, if you have a question, please press star, then 1 on your touchtone phone. Please note that this conference is being recorded. Please note that this conference call will include forward-looking statements, including statements related to our future performance, capital position, credit-related expenses, and credit losses. All forward-looking statements, whether made in this conference call, in future filings, in press releases, or verbally, address matters that involve risk and uncertainty. Consequently, there are factors that could cause actual results to differ materially from those indicated in such statements. including changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products by other companies, lack of acceptance of new products or services by our targeted clients, changes in business strategy and various other factors that we describe in our reports filed with the SEC. With us today is Mr. Juan Carlos Mora, Chief Executive Officer, Mr. Mauricio Ruzio, Chief Corporate Officer, Mr. Jose Humberto Acosta, Chief Financial Officer, Mr. Rodrigo Preto, Chief Risk Officer, Mr. Carlos Rad, Investor Relations Director, and Mr. Juan Pablo Espinoza, Chief Economist. I will now turn the call over to Mr. Juan Carlos Mora, Chief Executive Officer. Mr. Juan Carlos, you may begin.

Good morning and welcome to our conference call for the second quarter of 2021. I hope All of you and your families are safe and healthy. Despite a challenging context during the quarter due to the national strike and the third wave of the pandemic in Colombia, the economy continued to perform well. The Colombian economic activity has benefited from both external and internal factors. The expected improvement of the global economy has consolidated, accelerating external demand and supporting the increase in commodity prices. Locally, both monetary and fiscal policies are in expansive territory and the country has adapted to operate in this unusual context of the pandemic. Finally, In recent weeks, the progress in the vaccination plan has materially improved. Before getting to the details of the results, I want to highlight some key topics. The loan book grew more than 3% compared with the previous quarter. Deposits grew almost 3% during the quarter, and we continue lowering the funding cost. Core equity tier one on the full Basel III was 11.5%, and the net income was 1.2 trillion pesos. Provision charges for the quarter were 626 billion pesos, down 51% when compared with the first quarter of 2021, mainly driven by a better economic forecast and the fine tuning of our risk model as we have gathered more and better information on the situation of our clients with reliefs. Our client base continues growing. In the last five years, it has grown over 10% per year. During the first semester of this year, we added more than 2.5 million new clients. After seven months of successful operations, our housing and mobility marketplaces are already positioned as one of the most relevant in the country with more than 2.5 million visits generating loans for 46 billion pesos. At this point, I want to turn the presentation to Juan Pablo Espinoza. who will further elaborate on the performance of the Colombian economy. Juan Pablo.

Thank you, Juan Carlos.