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OPERATING SEGMENTS - Financial performance by operating segment (Details)
$ in Millions
12 Months Ended
Dec. 31, 2024
COP ($)
sector
Dec. 31, 2023
COP ($)
Dec. 31, 2022
COP ($)
OPERATING SEGMENTS      
Threshold Revenue, bank corporate and government sales force targets and specializes $ 100,000    
Number of economic sectors | sector 12    
Financial performance by operating segment      
Total interest and valuation on financial instruments $ 35,544,221 $ 37,046,159 $ 26,796,947
Interest income on loans and financial leases 32,613,551 35,240,787 24,783,493
Total debt investments     1,787,088
Derivatives     171,381
Total liquidity operations     54,985
Interest expenses (15,023,911) (16,668,295) (8,442,470)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 20,520,310 20,377,864 18,354,477
Total credit impairment charges, net (5,452,349) (7,461,586) (3,791,697)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 15,067,961 12,916,278 14,562,780
Fees and commissions income 7,688,838 7,080,878 6,370,526
Fees and commissions expenses (3,511,774) (3,097,280) (2,590,166)
Total fees and commission income, net 4,177,064 3,983,598 3,780,360
Other operating income (Expense)     2,053,435
Dividends and net income on equity investments 104,573 210,185 235,854
Total operating income, net 22,391,583 21,089,711 20,632,429
Operating expenses     (9,907,068)
Impairment, depreciation and amortization (1,117,881) (1,124,859) (980,575)
Total operating expenses (13,633,666) (12,942,185) (10,887,643)
Profit (Loss) before income tax 8,757,917 8,147,526 9,744,786
Operating Segments      
Financial performance by operating segment      
Total interest and valuation on financial instruments 35,544,221 37,046,159  
Interest income on loans and financial leases 32,613,551 35,240,787  
Total debt investments 2,333,915 1,657,459  
Derivatives 154,130 (157,818)  
Total liquidity operations 442,625 305,731  
Interest expenses (15,023,911) (16,668,295)  
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 20,520,310 20,377,864  
Total credit impairment charges, net (5,452,349) (7,461,586)  
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 15,067,961 12,916,278  
(Expenses) Revenues from transactions with other operating segments of the Bank 0 0 0
Fees and commissions income 7,688,838 7,080,878  
Fees and commissions expenses (3,511,774) (3,097,280)  
Total fees and commission income, net 4,177,064 3,983,598  
Other operating income (Expense) 3,041,985 3,979,650  
Dividends and net income on equity investments 104,573 210,185  
Total operating income, net 22,391,583 21,089,711  
Operating expenses (12,515,785) (11,817,326)  
Impairment, depreciation and amortization (1,117,881) (1,124,859)  
Total operating expenses (13,633,666) (12,942,185)  
Profit (Loss) before income tax 8,757,917 8,147,526  
Operating Segments | Banking Colombia      
Financial performance by operating segment      
Total interest and valuation on financial instruments 27,543,286 29,230,060 20,727,335
Interest income on loans and financial leases 25,632,102 28,366,678 19,263,960
Total debt investments 1,503,298 937,090 1,361,299
Derivatives 155,794 (167,887) 108,255
Total liquidity operations 252,092 94,179 (6,179)
Interest expenses (11,588,039) (13,464,980) (6,333,834)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 15,955,247 15,765,080 14,393,501
Total credit impairment charges, net (4,220,207) (6,480,377) (2,971,599)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 11,735,040 9,284,703 11,421,902
(Expenses) Revenues from transactions with other operating segments of the Bank (151,933) (187,467) (32,163)
Fees and commissions income 5,660,355 5,252,099 4,684,563
Fees and commissions expenses (2,885,272) (2,522,927) (2,099,585)
Total fees and commission income, net 2,775,083 2,729,172 2,584,978
Other operating income (Expense) 800,252 1,575,845 (72,994)
Dividends and net income on equity investments (121,975) 17,613 (8,058)
Total operating income, net 15,036,467 13,419,866 13,893,665
Operating expenses (8,651,424) (8,022,042) (6,600,686)
Impairment, depreciation and amortization (770,207) (744,346) (613,807)
Total operating expenses (9,421,631) (8,766,388) (7,214,493)
Profit (Loss) before income tax 5,614,836 4,653,478 6,679,172
Operating Segments | Banking Panama      
Financial performance by operating segment      
Total interest and valuation on financial instruments 2,689,904 2,826,559 2,364,820
Interest income on loans and financial leases 2,283,111 2,415,234 2,154,151
Total debt investments 316,205 301,167 161,974
Derivatives 3,322 817 (1,026)
Total liquidity operations 87,266 109,341 49,721
Interest expenses (1,336,250) (1,238,112) (910,937)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,353,654 1,588,447 1,453,883
Total credit impairment charges, net (456,748) (270,501) (545,012)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 896,906 1,317,946 908,871
(Expenses) Revenues from transactions with other operating segments of the Bank (40,110) (34,105) (25,022)
Fees and commissions income 562,330 532,930 446,583
Fees and commissions expenses (286,392) (258,897) (210,004)
Total fees and commission income, net 275,938 274,033 236,579
Other operating income (Expense) 65,876 36,939 51,494
Dividends and net income on equity investments 11,474 13,498 9,655
Total operating income, net 1,210,084 1,608,311 1,181,577
Operating expenses (853,980) (909,843) (797,091)
Impairment, depreciation and amortization (128,544) (107,716) (110,293)
Total operating expenses (982,524) (1,017,559) (907,384)
Profit (Loss) before income tax 227,560 590,752 274,193
Operating Segments | Banking El Salvador      
Financial performance by operating segment      
Total interest and valuation on financial instruments 1,851,126 1,773,140 1,527,860
Interest income on loans and financial leases 1,623,427 1,524,765 1,293,556
Total debt investments 226,122 236,350 170,423
Derivatives 775 11,187 63,494
Total liquidity operations 802 838 387
Interest expenses (437,244) (464,851) (297,839)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,413,882 1,308,289 1,230,021
Total credit impairment charges, net (236,086) (154,938) (102,710)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,177,796 1,153,351 1,127,311
(Expenses) Revenues from transactions with other operating segments of the Bank (19,110) (17,844) (7,371)
Fees and commissions income 515,734 479,568 444,177
Fees and commissions expenses (226,445) (188,972) (170,563)
Total fees and commission income, net 289,289 290,596 273,614
Other operating income (Expense) 40,818 51,656 19,685
Dividends and net income on equity investments 4,338 10,982 5,340
Total operating income, net 1,493,131 1,488,741 1,418,579
Operating expenses (771,078) (668,105) (639,748)
Impairment, depreciation and amortization (93,982) (131,921) (106,601)
Total operating expenses (865,060) (800,026) (746,349)
Profit (Loss) before income tax 628,071 688,715 672,230
Operating Segments | Banking Guatemala      
Financial performance by operating segment      
Total interest and valuation on financial instruments 1,939,602 1,795,543 1,537,801
Interest income on loans and financial leases 1,807,334 1,726,821 1,509,143
Total debt investments 134,101 60,534 27,089
Derivatives 0 0 0
Total liquidity operations (1,833) 8,188 1,569
Interest expenses (804,815) (731,886) (528,459)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,134,787 1,063,657 1,009,342
Total credit impairment charges, net (394,589) (499,368) (168,834)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 740,198 564,289 840,508
(Expenses) Revenues from transactions with other operating segments of the Bank (87,061) (76,054) (45,526)
Fees and commissions income 211,778 223,200 218,554
Fees and commissions expenses (85,700) (89,405) (91,424)
Total fees and commission income, net 126,078 133,795 127,130
Other operating income (Expense) 130,140 130,757 129,403
Dividends and net income on equity investments 1,555 1,827 828
Total operating income, net 910,910 754,614 1,052,343
Operating expenses (645,310) (620,928) (577,497)
Impairment, depreciation and amortization (61,471) (55,243) (54,999)
Total operating expenses (706,781) (676,171) (632,496)
Profit (Loss) before income tax 204,129 78,443 419,847
Operating Segments | Trust      
Financial performance by operating segment      
Total interest and valuation on financial instruments 61 47 72
Interest income on loans and financial leases 61 47 72
Total debt investments 0 0 0
Derivatives 0 0 0
Total liquidity operations 0 0 0
Interest expenses (192) (179) (150)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments (131) (132) (78)
Total credit impairment charges, net (554) (2,893) (796)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments (685) (3,025) (874)
(Expenses) Revenues from transactions with other operating segments of the Bank (58,498) (16,518) (12,658)
Fees and commissions income 448,854 361,965 318,869
Fees and commissions expenses (3,804) (4,244) (3,668)
Total fees and commission income, net 445,050 357,721 315,201
Other operating income (Expense) 13,737 14,107 14,897
Dividends and net income on equity investments 45,558 33,275 2,164
Total operating income, net 445,162 385,560 318,730
Operating expenses (168,494) (177,626) (153,377)
Impairment, depreciation and amortization (3,000) (2,218) (1,630)
Total operating expenses (171,494) (179,844) (155,007)
Profit (Loss) before income tax 273,668 205,716 163,723
Operating Segments | Investment Banking      
Financial performance by operating segment      
Total interest and valuation on financial instruments 6 6 4
Interest income on loans and financial leases 0 0 0
Total debt investments 6 6 4
Derivatives 0 0 0
Total liquidity operations 0 0 0
Interest expenses 0 (1) (4)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 6 5 0
Total credit impairment charges, net 768 (380) (924)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 774 (375) (924)
(Expenses) Revenues from transactions with other operating segments of the Bank 7,823 13,949 3,404
Fees and commissions income 69,266 55,917 86,232
Fees and commissions expenses (115) (238) (269)
Total fees and commission income, net 69,151 55,679 85,963
Other operating income (Expense) 1,609 (1,011) 671
Dividends and net income on equity investments (97,585) (98,512) 8,760
Total operating income, net (18,228) (30,270) 97,874
Operating expenses (55,157) (49,759) (47,997)
Impairment, depreciation and amortization (89) (208) (232)
Total operating expenses (55,246) (49,967) (48,229)
Profit (Loss) before income tax (73,474) (80,237) 49,645
Operating Segments | Brokerage      
Financial performance by operating segment      
Total interest and valuation on financial instruments 44,750 45,875 12,996
Interest income on loans and financial leases 5,327 5,076 511
Total debt investments 37,480 36,538 20,024
Derivatives (2,463) (1,747) 658
Total liquidity operations 4,406 6,008 (8,197)
Interest expenses (165) (222) (104)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 44,585 45,653 12,892
Total credit impairment charges, net 0 106 3,133
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 44,585 45,759 16,025
(Expenses) Revenues from transactions with other operating segments of the Bank 86,150 68,617 53,229
Fees and commissions income 132,192 103,985 111,366
Fees and commissions expenses (8,600) (8,645) (6,160)
Total fees and commission income, net 123,592 95,340 105,206
Other operating income (Expense) 7,566 4,737 13,575
Dividends and net income on equity investments 3,622 6,416 (4,314)
Total operating income, net 265,515 220,869 183,721
Operating expenses (188,573) (186,212) (153,317)
Impairment, depreciation and amortization (2,759) (2,950) (1,754)
Total operating expenses (191,332) (189,162) (155,071)
Profit (Loss) before income tax 74,183 31,707 28,650
Operating Segments | International Banking      
Financial performance by operating segment      
Total interest and valuation on financial instruments 1,203,838 1,112,171 512,417
Interest income on loans and financial leases 987,378 940,091 446,028
Total debt investments 116,662 85,091 48,722
Derivatives (94) (188) 0
Total liquidity operations 99,892 87,177 17,667
Interest expenses (708,671) (596,039) (271,280)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 495,167 516,132 241,137
Total credit impairment charges, net (91,617) 4,164 25,029
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 403,550 520,296 266,166
(Expenses) Revenues from transactions with other operating segments of the Bank 410,003 415,508 212,049
Fees and commissions income 51,901 47,228 42,021
Fees and commissions expenses (10,116) (11,042) (8,025)
Total fees and commission income, net 41,785 36,186 33,996
Other operating income (Expense) 12,435 16,794 9,954
Dividends and net income on equity investments 25 37 35
Total operating income, net 867,798 988,821 522,200
Operating expenses (98,570) (89,219) (79,814)
Impairment, depreciation and amortization (8,016) (4,259) (2,626)
Total operating expenses (106,586) (93,478) (82,440)
Profit (Loss) before income tax 761,212 895,343 439,760
Operating Segments | All other segments      
Financial performance by operating segment      
Total interest and valuation on financial instruments 271,648 262,758 113,642
Interest income on loans and financial leases 274,811 262,075 116,072
Total debt investments 41 683 (2,447)
Derivatives (3,204) 0 0
Total liquidity operations 0 0 17
Interest expenses (148,535) (172,025) (99,863)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 123,113 90,733 13,779
Total credit impairment charges, net (53,316) (57,399) (29,984)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 69,797 33,334 (16,205)
(Expenses) Revenues from transactions with other operating segments of the Bank (147,264) (166,086) (145,942)
Fees and commissions income 36,428 23,986 18,161
Fees and commissions expenses (5,330) (12,910) (468)
Total fees and commission income, net 31,098 11,076 17,693
Other operating income (Expense) 1,969,552 2,149,826 1,886,750
Dividends and net income on equity investments 257,561 225,049 221,444
Total operating income, net 2,180,744 2,253,199 1,963,740
Operating expenses (1,083,199) (1,093,592) (857,541)
Impairment, depreciation and amortization (49,813) (75,998) (88,633)
Total operating expenses (1,133,012) (1,169,590) (946,174)
Profit (Loss) before income tax $ 1,047,732 $ 1,083,609 $ 1,017,566