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OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2024
OTHER LIABILITIES  
OTHER LIABILITIES
NOTE 20. OTHER LIABILITIES
Other liabilities consist of the following:
Other liabilitiesDecember 31, 2024December 31, 2023
In millions of COP
Payables(1)
3,547,341 4,746,323 
Suppliers1,840,622 1,653,424 
Advances to obligations1,373,401 1,199,509 
Dividends(2)
873,598 870,846 
Bonuses and short-term benefits(3)
676,967 734,916 
Security contributions559,038 524,741 
Collection services(4)
480,202 820,393 
Provisions(5)
439,095 401,111 
Salaries and other labor obligations(3)
428,077 396,734 
Deposits delivered as security(6)
378,767 795,628 
Advances in leasing operations and loans173,168 186,547 
Deferred interests106,058 217,507 
Liabilities from contracts with customers(7)
68,040 60,128 
Other financial liabilities46,187 40,774 
Total10,990,561 12,648,581 
(1)The decrease corresponds mainly to lower items with payment systems networks, mainly for payments through electronic systems (PSE).
(2)This relates to the last installment pending payment which is payable on January 2, 2025. See Consolidated Statement of Changes in Equity, distribution of dividends.
(3)For further information, see Note 19. Employee benefit plans (Bonuses and short-term benefits).
(4)The decrease is due to lower tax collections.
(5)See Note 21. Provisions and contingent liabilities.
(6)The variation is generated by the valuation of current operations with international counterparties. For more information See Note 5.2. Derivative financial instruments.
(7)See Note 25.3. Fees and commissions.