INTERBANK DEPOSITS AND REPURCHASE AGREEMENTS AND OTHER SIMILAR SECURED BORROWING (Tables)

12 Months Ended

Dec. 31, 2022

INTERBANK DEPOSITS AND REPURCHASE AGREEMENTS AND OTHER SIMILAR SECURED BORROWING

Schedule of money market operations recognized as liabilities

The following table sets forth information regarding the money market operations recognized as liabilities in Consolidated Statement of Financial Position:


Interbank and repurchase agreements and other similar secured borrowing	December 31, 2022	December 31, 2021
In millions of COP
Interbank Deposits
Interbank liabilities	902,132	886,405
Total interbank	902,132	886,405
Repurchase agreements and other similar secured borrowing
Short selling operations	125,682	276,242
Temporary transfer of securities	63,370	487,083
Total Repurchase agreements and other similar secured borrowing⁽¹⁾	189,052	763,325
Total money market transactions	1,091,184	1,649,730

(1)	Total repo liabilities have maturities of less than 30 days.

Schedule of repurchases and resale transactions

As of December 31, 2022


			Net balance
	Assets /	Amounts offset in	presented in the	Financial	Assets /
	liabilities gross	the statement of	statement of financial	instruments as	liabilities
		financial position	position	collaterals	net
In millions of COP
Securities purchased under resale agreements⁽¹⁾	2,880,987	-	2,880,987	(2,880,987)	-
Securities sold under repurchase agreements	(189,052)	-	(189,052)	189,052	-
Total repurchase and resale agreements	2,691,935	-	2,691,935	(2,691,935)	-

(1)	The amount includes those presented as cash and cash equivalents and those presented as other assets.

As of December 31, 2021


			Net balance
	Assets /	Amounts offset in	presented in the	Financial	Assets /
	liabilities gross	the statement of	statement of financial	instruments as	liabilities
		financial position	position	collaterals	net
In millions of COP
Securities purchased under resale agreements⁽¹⁾	817,960	-	817,960	(817,960)	-
Securities sold under repurchase agreements	(763,325)	-	(763,325)	763,325	-
Total repurchase and resale agreements	54,635	-	54,635	(54,635)	-

(1)	The amount includes those presented as cash and cash equivalents and those presented as other assets.