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CONSOLIDATED STATEMENT OF FINANCIAL POSITION - COP ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 32,844,099 $ 39,799,609
Financial assets investments 37,570,270 25,674,195
Derivative financial instruments 2,938,142 6,252,270
Financial assets investments and derivative financial instruments 40,508,412 31,926,465
Loans and advances to customers 263,274,170 237,728,544
Assets held for sale and inventories, net 1,106,399 906,753
Investment in associates and joint ventures 2,928,984 2,997,603
Investment properties 5,580,109 4,709,911
Premises and equipment, net 5,906,064 6,522,534
Right-of-use assets, lease 1,757,206 1,634,045
Goodwill and intangible assets, net 9,767,903 8,489,697
Deferred tax, net 763,757 685,612
Other assets, net 7,778,279 7,528,036
TOTAL ASSETS 372,215,382 342,928,809
LIABILITIES    
Deposits by customers 279,059,401 247,941,180
Interbank deposits and repurchase agreements and other similar secured borrowing 1,776,965 1,076,436
Derivative financial instruments 2,679,643 6,710,364
Borrowings from other financial institutions 15,689,532 15,648,606
Debt instruments in issue 11,275,216 14,663,576
Lease liabilities 1,889,364 1,773,610
Preferred shares 584,204 584,204
Current tax 156,162 164,339
Deferred tax, net 2,578,504 1,785,230
Employee benefit plans 951,555 882,954
Other liabilities 10,990,561 12,648,581
TOTAL LIABILITIES 327,631,107 303,879,080
EQUITY    
Share capital 480,914 480,914
Additional paid-in-capital 4,857,454 4,857,454
Appropriated reserves 22,575,837 20,044,769
Retained earnings 2,715,313 2,515,278
Net income attributable to equity holders of the Parent Company 6,267,744 6,116,936
Accumulated other comprehensive income, net of tax 6,645,206 4,074,161
SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT COMPANY 43,542,468 38,089,512
Non-controlling interest 1,041,807 960,217
TOTAL EQUITY 44,584,275 39,049,729
TOTAL LIABILITIES AND EQUITY 372,215,382 342,928,809
Cost    
ASSETS    
Loans and advances to customers 279,453,908 253,951,647
Premises and equipment, net 8,691,093 9,062,128
Right-of-use assets, lease 2,739,495 2,383,508
Allowance    
ASSETS    
Loans and advances to customers $ (16,179,738) $ (16,223,103)