XML 73 R48.htm IDEA: XBRL DOCUMENT v3.23.1
LOANS AND ADVANCES TO CUSTOMERS, NET (Tables)
12 Months Ended
Dec. 31, 2022
LOANS AND ADVANCES TO CUSTOMERS, NET  
Schedule of loans and financial leasing operating portfolio

The following is the composition of the loans and financial leasing operations portfolio, net as of December 31, 2022 and 2021:

​

​

​

​

​

​

Composition

​

December 31, 2022

​

December 31, 2021

In millions of COP

Commercial

​

143,537,853

​

114,911,843

Consumer

​

59,588,721

​

48,363,040

Mortgage

​

37,371,373

​

30,646,787

Financial Leases(1)

​

28,097,716

​

25,119,628

Small Business Loans

​

1,328,076

​

1,282,185

Total gross loans and advances to customers

​

269,923,739

​

220,323,483

Total allowance

​

(15,479,640)

​

(15,864,482)

Total Net loans and advances to customers

​

254,444,099

​

204,459,001

(1)See note 7.1 Lessor.

​

Schedule of the changes in the allowance for loans and advances and lease losses

As of December 31, 2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Small

​

​

Concept

​

Commercial

​

Consumer

​

Mortgage

​

Financial

​

business

​

Total

​

​

​

​

​

​

​

​

Leases

​

loans

​

​

In millions of COP

Balance at beginning of period January 1, 2022

​

7,813,023

​

5,305,267

​

1,061,058

​

1,521,067

​

164,067

​

15,864,482

Loan purchases / Loan sales(1)

​

(225,226)

​

-

​

-

​

-

​

-

​

(225,226)

Recovery of charged - off loans(2)

​

188,018

​

385,011

​

28,690

​

72,056

​

1,191

​

674,966

Credit impairment charges on loans, advances and financial leases, net

​

502,577

​

3,447,515

​

183,436

​

(461,665)

​

49,490

​

3,721,353

Adjusted stage 3(3)

​

323,196

​

279,843

​

38,769

​

48,836

​

11,989

​

702,633

Charges-off(2)

​

(1,742,895)

​

(3,788,517)

​

(345,991)

​

(176,407)

​

(111,092)

​

(6,164,902)

Translation adjustment

​

411,612

​

418,016

​

58,129

​

9,187

​

9,390

​

906,334

Balance at December 31, 2022

​

7,270,305

​

6,047,135

​

1,024,091

​

1,013,074

​

125,035

​

15,479,640

(1)This balance corresponds to the provision for portfolio sales of Bancolombia S.A.
(2)This amount is still subject to enforcement activity.
(3)Recognized as a reduction to Interest Income on loans and financial leases in Consolidated Statement of Income, in accordance with IFRS 9.

As of December 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Small

​

​

Concept

​

Commercial

​

Consumer

​

Mortgage

​

Financial

​

business

​

Total

​

​

​

​

​

​

​

​

Leases

​

loans

​

​

In millions of COP

Balance at beginning of period January 1, 2021

​

7,673,720

​

5,753,430

​

992,515

​

1,996,033

​

200,345

​

16,616,043

Loan purchases / Loan sales(1)

​

(27,817)

​

-

​

-

​

-

​

-

​

(27,817)

Recovery of charged - off loans(2)

​

125,208

​

349,125

​

26,660

​

61,303

​

3,140

​

565,436

Credit impairment charges on loans, advances and financial leases, net

​

198,619

​

2,268,595

​

68,809

​

(34,678)

​

19,833

​

2,521,178

Adjusted stage 3(3)

​

216,330

​

288,214

​

49,893

​

40,747

​

12,550

​

607,734

Charges-off(2)

​

(674,248)

​

(3,618,009)

​

(110,408)

​

(554,701)

​

(79,065)

​

(5,036,431)

Translation adjustment

​

301,211

​

263,912

​

33,589

​

12,363

​

7,264

​

618,339

Balance at December 31, 2021

​

7,813,023

​

5,305,267

​

1,061,058

​

1,521,067

​

164,067

​

15,864,482

(1)This balance corresponds to the provision for portfolio sales of Bancolombia S.A
(2)This amount is still subject to enforcement activity.
(3)Recognized as a reduction to Interest Income on loans and financial leases in Consolidated Statement of Income, in accordance with IFRS 9.

​

As of December 31, 2020

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Small

​

​

Concept

​

Commercial

​

Consumer

​

Mortgage

​

Financial

​

business

​

Total

​

​

​

​

​

​

​

​

Leases

​

loans

​

​

In millions of COP

Balance at beginning of period January 1, 2020

​

5,456,993

​

3,445,818

​

860,665

​

1,025,403

​

140,516

​

10,929,395

Recovery of charged - off loans(1)

​

118,196

​

256,836

​

15,943

​

44,381

​

1,552

​

436,908

Credit impairment charges on loans, advances and financial leases, net(2)

​

2,406,228

​

3,745,662

​

163,527

​

903,191

​

117,147

​

7,335,755

Adjusted stage 3(1)(3)

​

213,214

​

203,420

​

39,793

​

63,240

​

9,907

​

529,574

Charges-off(1)

​

(527,318)

​

(1,875,355)

​

(89,727)

​

(40,150)

​

(67,853)

​

(2,600,403)

Translation adjustment

​

6,407

​

(22,951)

​

2,314

​

(32)

​

(924)

​

(15,186)

Balance at December 31, 2020

​

7,673,720

​

5,753,430

​

992,515

​

1,996,033

​

200,345

​

16,616,043

(1)This amount is still subject to enforcement activity.
(2)The increases are mostly due to the consequences of the COVID-19 pandemic in 2020. For more information see Risk Management.
(3)Recognized as a reduction to Interest Income on loans and financial leases in Consolidated Statement of Income, in accordance with IFRS 9.

​

Schedule of significant changes in the loans and the allowance for loans losses by category

The following explains the significant changes in the loans and the allowance for loan losses by category during the periods ended on December 31, 2022 and 2021 as a result of applying the expected credit loss model according to IFRS 9:

​

As of December 31, 2022

​

Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2022

  

97,000,580

​

(745,898)

​

8,335,781

​

(917,747)

​

9,575,482

​

(6,149,378)

​

114,911,843

​

(7,813,023)

Transfers of financial instruments:

​

(1,000,903)

​

(55,842)

​

164,928

​

(58,355)

​

835,975

​

114,197

​

-

​

-

Transfers from stage 1 to stage 2

​

(1,826,599)

​

40,086

​

1,826,599

​

(40,086)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(495,556)

​

24,385

​

-

​

-

​

495,556

​

(24,385)

​

-

​

-

Transfers from stage 2 to stage 1

​

1,318,572

​

(115,364)

​

(1,318,572)

​

115,364

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(791,245)

​

85,224

​

791,245

​

(85,224)

​

-

​

-

Transfers from stage 3 to stage 1

​

2,680

​

(4,949)

​

-

​

-

​

(2,680)

​

4,949

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

448,146

​

(218,857)

​

(448,146)

​

218,857

​

-

​

-

Remeasurement arising from transfer of the stage

​

(418,622)

​

102,555

​

(288,452)

​

(3,163)

​

(200,663)

​

(692,420)

​

(907,737)

​

(593,028)

Remeasurement from remaining in the stage

​

(8,259,356)

​

121,886

​

(250,538)

​

53,997

​

67,232

​

(563,580)

​

(8,442,662)

​

(387,697)

Remeasurement due to changes in economics factors

​

-

​

(37,926)

​

-

​

157,149

​

-

​

(7,695)

​

-

​

111,528

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

98,728

​

-

​

92,122

​

-

​

53,754

​

-

​

244,604

New financial assets purchased/originated(1)

​

71,027,870

​

(323,336)

​

1,638,849

​

(256,104)

​

1,671,567

​

(1,147,222)

​

74,338,286

​

(1,726,662)

Financial assets that have been derecognised

​

(38,422,512)

​

190,804

​

(2,625,441)

​

208,049

​

(1,966,963)

​

1,163,837

​

(43,014,916)

​

1,562,690

Charges-off

​

(19,378)

​

1,330

​

(48,003)

​

26,417

​

(1,675,514)

​

1,715,148

​

(1,742,895)

​

1,742,895

Foreign Exchange and other movements

​

6,623,183

​

(17,560)

​

1,135,311

​

(54,093)

​

637,440

​

(339,959)

​

8,395,934

​

(411,612)

Balance at December 31, 2022

​

126,530,862

​

(665,259)

​

8,062,435

​

(751,728)

​

8,944,556

​

(5,853,318)

​

143,537,853

​

(7,270,305)

(1)Includes financial assets purchased, originated and restructured.

​

Consumer

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2022

  

41,773,555

​

(1,402,277)

​

3,927,387

​

(1,800,518)

​

2,662,098

​

(2,102,472)

​

48,363,040

​

(5,305,267)

Transfers of financial instruments:

​

(2,023,245)

​

(175,533)

​

937,915

​

147,486

​

1,085,330

​

28,047

​

-

​

-

Transfers from stage 1 to stage 2

​

(2,205,274)

​

126,781

​

2,205,274

​

(126,781)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(981,411)

​

64,937

​

-

​

-

​

981,411

​

(64,937)

​

-

​

-

Transfers from stage 2 to stage 1

​

1,086,524

​

(298,371)

​

(1,086,524)

​

298,371

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(379,978)

​

129,687

​

379,978

​

(129,687)

​

-

​

-

Transfers from stage 3 to stage 1

​

76,916

​

(68,880)

​

-

​

-

​

(76,916)

​

68,880

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

199,143

​

(153,791)

​

(199,143)

​

153,791

​

-

​

-

Remeasurement arising from transfer of the stage

​

(206,572)

​

336,478

​

(191,232)

​

(135,684)

​

511,818

​

(2,497,603)

​

114,014

​

(2,296,809)

Remeasurement from remaining in the stage

​

(3,215,778)

​

(89,383)

​

(38,099)

​

(206,202)

​

(268,082)

​

93,183

​

(3,521,959)

​

(202,402)

Remeasurement due to changes in economics factors

​

-

​

39,672

​

-

​

241,992

​

-

​

(2,512)

​

-

​

279,152

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

23,381

​

-

​

(78,241)

​

-

​

785

​

-

​

(54,075)

New financial assets purchased/originated(1)

​

23,609,797

​

(987,792)

​

1,919,811

​

(715,751)

​

943,121

​

(759,058)

​

26,472,729

​

(2,462,601)

Financial assets that have been derecognised

​

(10,128,838)

​

286,762

​

(668,543)

​

215,579

​

(149,520)

​

122,025

​

(10,946,901)

​

624,366

Charges-off

​

(698,744)

​

233,953

​

(916,801)

​

615,728

​

(2,172,972)

​

2,938,836

​

(3,788,517)

​

3,788,517

Foreign Exchange and other movements

​

2,400,768

​

(89,102)

​

318,483

​

(153,271)

​

177,064

​

(175,643)

​

2,896,315

​

(418,016)

Balance at December 31, 2022

​

51,510,943

​

(1,823,841)

​

5,288,921

​

(1,868,882)

​

2,788,857

​

(2,354,412)

​

59,588,721

​

(6,047,135)

(1)Includes financial assets purchased, originated and restructured.

​

Financial Leases

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2022

  

19,927,472

​

(142,954)

​

3,198,182

​

(314,149)

​

1,993,974

​

(1,063,964)

​

25,119,628

​

(1,521,067)

Transfers of financial instruments:

​

59,490

​

(79,666)

​

(118,703)

​

57,312

​

59,213

​

22,354

​

-

​

-

Transfers from stage 1 to stage 2

​

(626,697)

​

16,913

​

626,697

​

(16,913)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(102,499)

​

3,810

​

-

​

-

​

102,499

​

(3,810)

​

-

​

-

Transfers from stage 2 to stage 1

​

779,795

​

(98,964)

​

(779,795)

​

98,964

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(143,173)

​

19,624

​

143,173

​

(19,624)

​

-

​

-

Transfers from stage 3 to stage 1

​

8,891

​

(1,425)

​

-

​

-

​

(8,891)

​

1,425

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

177,568

​

(44,363)

​

(177,568)

​

44,363

​

-

​

-

Remeasurement arising from transfer of stage

​

(74,495)

​

86,331

​

(23,270)

​

(22,332)

​

46,660

​

(164,292)

​

(51,105)

​

(100,293)

Remeasurement from remaining in the stage

​

(1,380,295)

​

10,504

​

(74,988)

​

49,130

​

(38,739)

​

2,788

​

(1,494,022)

​

62,422

Remeasurement due to changes in economics factors

​

-

​

(14,991)

​

-

​

1,612

​

-

​

(8,667)

​

-

​

(22,046)

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

19,160

​

-

​

(19,451)

​

-

​

(9,455)

​

-

​

(9,746)

New financial assets purchased/originated(1)

​

5,358,579

​

(38,976)

​

587,957

​

(35,776)

​

33,567

​

(17,606)

​

5,980,103

​

(92,358)

Financial assets that have been derecognized

​

(1,362,963)

​

10,976

​

(399,179)

​

28,647

​

(585,828)

​

463,171

​

(2,347,970)

​

502,794

Charges-off

​

(264)

​

4

​

(19,361)

​

19,127

​

(156,782)

​

157,276

​

(176,407)

​

176,407

Foreign Exchange and other movements

​

1,039,020

​

(1,716)

​

21,647

​

(3,040)

​

6,822

​

(4,431)

​

1,067,489

​

(9,187)

Balance at December 31, 2022

​

23,566,544

​

(151,328)

​

3,172,285

​

(238,920)

​

1,358,887

​

(622,826)

​

28,097,716

​

(1,013,074)

(1)Includes financial assets purchased, originated and restructured.

​

Mortgage

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2022

  

25,447,635

​

(140,843)

​

3,654,710

​

(260,867)

​

1,544,442

​

(659,348)

​

30,646,787

​

(1,061,058)

Transfers of financial instruments:

​

2,074,437

​

(61,050)

​

(2,522,248)

​

30,734

​

447,811

​

30,316

​

-

​

-

Transfers from stage 1 to stage 2

​

(745,136)

​

15,839

​

745,136

​

(15,839)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(207,362)

​

4,437

​

-

​

-

​

207,362

​

(4,437)

​

-

​

-

Transfers from stage 2 to stage 1

​

3,021,745

​

(80,567)

​

(3,021,745)

​

80,567

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(445,019)

​

31,802

​

445,019

​

(31,802)

​

-

​

-

Transfers from stage 3 to stage 1

​

5,190

​

(759)

​

-

​

-

​

(5,190)

​

759

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

199,380

​

(65,796)

​

(199,380)

​

65,796

​

-

​

-

Remeasurement arising from transfer of the stage

​

(34,494)

​

69,980

​

(26,095)

​

(40,822)

​

105,748

​

(309,941)

​

45,159

​

(280,783)

Remeasurement from remaining in the stage

​

(1,265,193)

​

(611)

​

406,332

​

(924)

​

(448,715)

​

(14,146)

​

(1,307,576)

​

(15,681)

Remeasurement due to changes in economics factors

​

-

​

(21,123)

​

-

​

54,802

​

-

​

32

​

-

​

33,711

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

(11,559)

​

-

​

(22,449)

​

-

​

(2,081)

​

-

​

(36,089)

New financial assets purchased/originated(1)

​

7,407,685

​

(46,935)

​

74,121

​

(15,026)

​

23,675

​

(9,646)

​

7,505,481

​

(71,607)

Financial assets that have been derecognised

​

(1,772,230)

​

11,975

​

(146,498)

​

11,697

​

(173,986)

​

95,882

​

(2,092,714)

​

119,554

Charges-off

​

(3,449)

​

283

​

(1,206)

​

1,174

​

(341,336)

​

344,534

​

(345,991)

​

345,991

Foreign Exchange and other movements

​

2,213,343

​

(6,917)

​

558,154

​

(14,594)

​

148,730

​

(36,618)

​

2,920,227

​

(58,129)

Balance at December 31, 2022

​

34,067,734

​

(206,800)

​

1,997,270

​

(256,275)

​

1,306,369

​

(561,016)

​

37,371,373

​

(1,024,091)

(1)Includes financial assets purchased, originated and restructured.

​

Small business loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2022

  

950,991

​

(22,845)

​

183,693

​

(30,255)

​

147,501

​

(110,967)

​

1,282,185

​

(164,067)

Transfers of financial instruments:

​

(70,809)

​

(1,260)

​

17,756

​

3,557

​

53,053

​

(2,297)

​

-

​

-

Transfers from stage 1 to stage 2

​

(68,581)

​

2,098

​

68,581

​

(2,098)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(44,815)

​

1,960

​

-

​

-

​

44,815

​

(1,960)

​

-

​

-

Transfers from stage 2 to stage 1

​

38,613

​

(4,608)

​

(38,613)

​

4,608

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(18,528)

​

3,684

​

18,528

​

(3,684)

​

-

​

-

Transfers from stage 3 to stage 1

​

3,974

​

(710)

​

-

​

-

​

(3,974)

​

710

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

6,316

​

(2,637)

​

(6,316)

​

2,637

​

-

​

-

Remeasurement arising from transfer of the stage

​

(4,527)

​

4,802

​

(8,173)

​

(4,465)

​

(9,736)

​

(52,103)

​

(22,436)

​

(51,766)

Remeasurement from remaining in the stage

​

(42,292)

​

(505)

​

(89,440)

​

1,278

​

(14,946)

​

2,472

​

(146,678)

​

3,245

Remeasurement due to changes in economics factors

​

-

​

(435)

​

-

​

3,752

​

-

​

(71)

​

-

​

3,246

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

49

​

-

​

(448)

​

-

​

(1,704)

​

-

​

(2,103)

New financial assets purchased/originated(1)

​

463,403

​

(14,534)

​

42,588

​

(10,982)

​

24,050

​

(19,183)

​

530,041

​

(44,699)

Financial assets that have been derecognised

​

(279,820)

​

4,489

​

(21,195)

​

3,584

​

(31,532)

​

21,334

​

(332,547)

​

29,407

Charges-off

​

(12,781)

​

2,895

​

(16,004)

​

6,857

​

(82,307)

​

101,340

​

(111,092)

​

111,092

Foreign Exchange and other movements

​

89,808

​

(1,220)

​

26,303

​

(1,902)

​

12,492

​

(6,268)

​

128,603

​

(9,390)

Balance at December 31, 2022

​

1,093,973

​

(28,564)

​

135,528

​

(29,024)

​

98,575

​

(67,447)

​

1,328,076

​

(125,035)

(1)Includes financial assets purchased, originated and restructured.

​

As of December 31, 2021

​

Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2021

  

80,863,445

  

(1,212,753)

  

8,203,659

  

(761,415)

  

9,592,183

  

(5,699,552)

  

98,659,287

  

(7,673,720)

Transfers of financial instruments:

​

(1,251,539)

​

(45,325)

​

791,803

​

(33,245)

​

459,736

​

78,570

​

-

​

-

Transfers from stage 1 to stage 2

​

(1,892,044)

​

53,521

​

1,892,044

​

(53,521)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(487,386)

​

32,490

​

-

​

-

​

487,386

​

(32,490)

​

-

​

-

Transfers from stage 2 to stage 1

​

1,076,007

​

(106,935)

​

(1,076,007)

​

106,935

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(858,035)

​

100,584

​

858,035

​

(100,584)

​

-

​

-

Transfers from stage 3 to stage 1

​

51,884

​

(24,401)

​

-

​

-

​

(51,884)

​

24,401

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

833,801

​

(187,243)

​

(833,801)

​

187,243

​

-

​

-

Remeasurement arising from transfer of the stage

​

(250,567)

​

105,392

​

(220,848)

​

(67,128)

​

(198,643)

​

(458,309)

​

(670,058)

​

(420,045)

Remeasurement from remaining in the stage

​

(5,706,414)

​

463,588

​

(257,121)

​

54,320

​

(17,667)

​

(552,577)

​

(5,981,202)

​

(34,669)

Remeasurement due to changes in economics factors

​

-

​

(7,878)

​

-

​

(141,352)

​

-

​

4,333

​

-

​

(144,897)

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

5,955

​

-

​

111,748

​

-

​

(2,204)

​

-

​

115,499

New financial assets purchased/originated(1)

​

62,765,437

​

(429,280)

​

1,944,115

​

(258,663)

​

1,459,164

​

(943,074)

​

66,168,716

​

(1,631,017)

Financial assets that have been derecognised

​

(43,381,187)

​

425,740

​

(2,792,192)

​

211,516

​

(1,544,304)

​

965,533

​

(47,717,683)

​

1,602,789

Charges-off

​

(9,647)

​

617

​

(18,777)

​

8,772

​

(645,824)

​

664,859

​

(674,248)

​

674,248

Foreign Exchange and other movements

​

3,971,052

​

(51,954)

​

685,142

​

(42,300)

​

470,837

​

(206,957)

​

5,127,031

​

(301,211)

Balance at December 31, 2021

​

97,000,580

​

(745,898)

​

8,335,781

​

(917,747)

​

9,575,482

​

(6,149,378)

​

114,911,843

​

(7,813,023)

(1)Includes financial assets purchased, originated and restructured.

​

Consumer

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2021

  

33,766,023

​

(1,750,083)

​

4,599,535

​

(1,651,656)

​

2,690,381

​

(2,351,691)

​

41,055,939

​

(5,753,430)

Transfers of financial instruments:

​

(968,284)

​

(122,078)

​

(41,117)

​

159,002

​

1,009,401

​

(36,924)

​

-

​

-

Transfers from stage 1 to stage 2

​

(1,581,266)

​

167,288

​

1,581,266

​

(167,288)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(892,097)

​

107,874

​

-

​

-

​

892,097

​

(107,874)

​

-

​

-

Transfers from stage 2 to stage 1

​

1,405,690

​

(313,273)

​

(1,405,690)

​

313,273

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(406,905)

​

163,117

​

406,905

​

(163,117)

​

-

​

-

Transfers from stage 3 to stage 1

​

99,389

​

(83,967)

​

-

​

-

​

(99,389)

​

83,967

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

190,212

​

(150,100)

​

(190,212)

​

150,100

​

-

​

-

Remeasurement arising from transfer of the stage

​

(221,972)

​

318,636

​

(101,206)

​

(396,682)

​

531,017

​

(2,418,524)

​

207,839

​

(2,496,570)

Remeasurement from remaining in the stage

​

(2,934,505)

​

336,232

​

(133,850)

​

(274,514)

​

348,768

​

(100,822)

​

(2,719,587)

​

(39,104)

Remeasurement due to changes in economics factors

​

-

​

(109,364)

​

-

​

(162,311)

​

-

​

1,395

​

-

​

(270,280)

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

41,498

​

-

​

303,387

​

-

​

22,858

​

-

​

367,743

New financial assets purchased/originated(1)

​

20,615,952

​

(640,857)

​

1,086,672

​

(393,999)

​

501,214

​

(403,843)

​

22,203,838

​

(1,438,699)

Financial assets that have been derecognised

​

(9,262,503)

​

401,903

​

(970,555)

​

282,944

​

(338,144)

​

286,129

​

(10,571,202)

​

970,976

Charges-off

​

(618,911)

​

186,964

​

(845,688)

​

439,923

​

(2,153,410)

​

2,991,122

​

(3,618,009)

​

3,618,009

Foreign Exchange and other movements

​

1,397,755

​

(65,128)

​

333,596

​

(106,612)

​

72,871

​

(92,172)

​

1,804,222

​

(263,912)

Balance at December 31, 2021

​

41,773,555

​

(1,402,277)

​

3,927,387

​

(1,800,518)

​

2,662,098

​

(2,102,472)

​

48,363,040

​

(5,305,267)

(1)Includes financial assets purchased, originated and restructured.

​

Financial leases

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2021

  

18,981,176

​

(204,071)

​

2,772,129

​

(310,450)

​

2,750,012

​

(1,481,512)

​

24,503,317

​

(1,996,033)

Transfers of financial instruments:

​

(382,684)

​

(35,495)

​

361,729

​

1,126

​

20,955

​

34,369

​

-

​

-

Transfers from stage 1 to stage 2

​

(1,032,874)

​

16,261

​

1,032,874

​

(16,261)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(105,352)

​

3,909

​

-

​

-

​

105,352

​

(3,909)

​

-

​

-

Transfers from stage 2 to stage 1

​

720,654

​

(48,455)

​

(720,654)

​

48,455

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(160,592)

​

24,862

​

160,592

​

(24,862)

​

-

​

-

Transfers from stage 3 to stage 1

​

34,888

​

(7,210)

​

-

​

-

​

(34,888)

​

7,210

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

210,101

​

(55,930)

​

(210,101)

​

55,930

​

-

​

-

Remeasurement arising from transfer of the stage

​

(114,836)

​

46,099

​

(78,108)

​

(120,366)

​

69,433

​

(165,187)

​

(123,511)

​

(239,454)

Remeasurement from remaining in the stage

​

(1,697,491)

​

58,449

​

(61,487)

​

(121,067)

​

(25,284)

​

(77,333)

​

(1,784,262)

​

(139,951)

Remeasurement due to changes in economics factors

​

-

​

(10,269)

​

-

​

(3,393)

​

-

​

1,143

​

-

​

(12,519)

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

(6,666)

​

-

​

237,506

​

-

​

(47,816)

​

-

​

183,024

New financial assets purchased/originated(1)

​

4,531,913

​

(29,822)

​

429,419

​

(22,306)

​

25,613

​

(8,949)

​

4,986,945

​

(61,077)

Financial assets that have been derecognised

​

(2,031,001)

​

41,897

​

(235,306)

​

22,802

​

(301,413)

​

137,906

​

(2,567,720)

​

202,605

Charges-off

​

(398)

​

29

​

(304)

​

5,679

​

(553,999)

​

548,993

​

(554,701)

​

554,701

Foreign Exchange and other movements

​

640,793

​

(3,105)

​

10,110

​

(3,680)

​

8,657

​

(5,578)

​

659,560

​

(12,363)

Balance at December 31, 2021

​

19,927,472

​

(142,954)

​

3,198,182

​

(314,149)

​

1,993,974

​

(1,063,964)

​

25,119,628

​

(1,521,067)

(1)Includes financial assets purchased, originated and restructured.

​

Mortgage

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2021

  

21,676,563

​

(121,503)

​

3,093,690

​

(231,137)

​

1,188,859

​

(639,875)

​

25,959,112

​

(992,515)

Transfers of financial instruments:

​

(687,642)

​

(79,010)

​

621,566

​

40,788

​

66,076

​

38,222

​

-

​

-

Transfers from stage 1 to stage 2

​

(2,286,673)

​

19,724

​

2,286,673

​

(19,724)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(125,284)

​

3,774

​

-

​

-

​

125,284

​

(3,774)

​

-

​

-

Transfers from stage 2 to stage 1

​

1,647,426

​

(76,522)

​

(1,647,426)

​

76,522

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(142,948)

​

25,392

​

142,948

​

(25,392)

​

-

​

-

Transfers from stage 3 to stage 1

​

76,889

​

(25,986)

​

-

​

-

​

(76,889)

​

25,986

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

125,267

​

(41,402)

​

(125,267)

​

41,402

​

-

​

-

Remeasurement arising from transfer of the stage

​

(54,790)

​

80,969

​

45,212

​

(98,943)

​

66,276

​

(161,020)

​

56,698

​

(178,994)

Remeasurement from remaining in the stage

​

(1,286,955)

​

(8,687)

​

(332,481)

​

(43,005)

​

375,381

​

(194,104)

​

(1,244,055)

​

(245,796)

Remeasurement due to changes in economics factors

​

-

​

(5,176)

​

-

​

(35,961)

​

-

​

1,502

​

-

​

(39,635)

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

12,457

​

-

​

107,285

​

-

​

158,773

​

-

​

278,515

New financial assets purchased/originated(1)

​

6,293,219

​

(31,292)

​

58,403

​

(8,186)

​

42,534

​

(29,531)

​

6,394,156

​

(69,009)

Financial assets that have been derecognised

​

(1,909,582)

​

11,017

​

(182,935)

​

18,593

​

(154,164)

​

79,947

​

(2,246,681)

​

109,557

Charges-off

​

(5,665)

​

4,038

​

(5,076)

​

1,937

​

(99,667)

​

104,433

​

(110,408)

​

110,408

Foreign Exchange and other movements

​

1,422,487

​

(3,656)

​

356,331

​

(12,238)

​

59,147

​

(17,695)

​

1,837,965

​

(33,589)

Balance at December 31, 2021

​

25,447,635

​

(140,843)

​

3,654,710

​

(260,867)

​

1,544,442

​

(659,348)

​

30,646,787

​

(1,061,058)

(1)Includes financial assets purchased, originated and restructured.

​

Small business loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stage1

Stage2

Stage3

Total

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

​

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

​

carrying

​

Allowance

In millions of COP

Balance at January 1, 2021

  

965,822

​

(44,663)

​

109,655

​

(33,329)

​

156,598

​

(122,353)

​

1,232,075

​

(200,345)

Transfers of financial instruments:

​

(71,045)

​

(716)

​

12,970

​

5,253

​

58,075

​

(4,537)

​

-

​

-

Transfers from stage 1 to stage 2

​

(54,843)

​

3,552

​

54,843

​

(3,552)

​

-

​

-

​

-

​

-

Transfers from stage 1 to stage 3

​

(50,148)

​

4,473

​

-

​

1

​

50,148

​

(4,474)

​

-

​

-

Transfers from stage 2 to stage 1

​

31,728

​

(7,736)

​

(31,728)

​

7,736

​

-

​

-

​

-

​

-

Transfers from stage 2 to stage 3

​

-

​

-

​

(21,366)

​

6,644

​

21,366

​

(6,644)

​

-

​

-

Transfers from stage 3 to stage 1

​

2,218

​

(1,005)

​

-

​

-

​

(2,218)

​

1,005

​

-

​

-

Transfers from stage 3 to stage 2

​

-

​

-

​

11,221

​

(5,576)

​

(11,221)

​

5,576

​

-

​

-

Remeasurement arising from transfer of the stage

​

(7,398)

​

7,279

​

(7,679)

​

(3,067)

​

(17,680)

​

(47,983)

​

(32,757)

​

(43,771)

Remeasurement from remaining in the stage

​

(230,823)

​

14,626

​

66,725

​

(2,983)

​

3,486

​

(3,676)

​

(160,612)

​

7,967

Remeasurement due to changes in economics factors

​

-

​

2,188

​

-

​

(2,616)

​

-

​

34

​

-

​

(394)

Remeasurement due to changes in model inputs

​

-

​

-

​

-

​

-

​

-

​

-

​

-

​

-

Remeasurement due to methodological changes

​

-

​

1,250

​

-

​

5,078

​

-

​

1,161

​

-

​

7,489

New financial assets purchased/originated(1)

​

470,193

​

(10,894)

​

30,148

​

(7,569)

​

18,954

​

(14,239)

​

519,295

​

(32,702)

Financial assets that have been derecognised

​

(235,533)

​

7,853

​

(19,136)

​

4,513

​

(21,511)

​

13,522

​

(276,180)

​

25,888

Charges-off

​

(7,422)

​

1,531

​

(13,819)

​

5,560

​

(57,824)

​

71,974

​

(79,065)

​

79,065

Foreign Exchange and other movements

​

67,197

​

(1,299)

​

4,829

​

(1,095)

​

7,403

​

(4,870)

​

79,429

​

(7,264)

Balance at December 31, 2021

​

950,991

​

(22,845)

​

183,693

​

(30,255)

​

147,501

​

(110,967)

​

1,282,185

​

(164,067)

(1)Includes financial assets purchased, originated and restructured.

​

Schedule of changes in the contractual cash flows of the loan portfolio that did not result in derecognition

The following table presents information about the nature and effects of changes in the contractual cash flows of the loan portfolio that did not result in derecognition and the effect of these changes on the measurement of expected credit losses.

​

​

​

​

​

​

Changes in the contractual cash flows of the loan portfolio that did not result in derecognition

In millions of COP

​

​

2022

​

2021

Loan portfolio modified during the period

​

​

​

​

Amortized cost before modification

​

5,524,962

​

7,869,691

Net gain or loss on changes

​

(78,790)

​

125,341

Loan portfolio modified since initial recognition

​

​

​

​

Gross carrying value of the previously modified loan portfolio for which the allowance for losses has been changed from the asset's life to the expected credit losses for 12 months.

​

164,423

​

3,563,810

​