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OPERATING SEGMENTS - Financial performance by operating segment (Details) - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Financial performance by operating segment      
Total interest and valuation on financial instruments $ 26,796,947 $ 16,135,745 $ 16,688,650
Interest income on loans and financial leases 24,783,493 15,344,290 16,132,977
Total debt investments   777,612 841,959
Derivatives   33,637 (337,796)
Total liquidity operations   (19,794) 51,510
Interest expenses (8,442,470) (4,351,556) (5,863,008)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 18,354,477 11,784,189 10,825,642
Total credit impairment charges, net (3,791,697) (2,420,530) (7,526,449)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 14,562,780 9,363,659 3,299,193
Fees and commissions income 6,370,526 5,293,804 4,598,413
Fees and commissions expenses (2,590,166) (1,860,683) (1,561,585)
Total fees and commission income, net 3,780,360 3,433,121 3,036,828
Other operating income (Expense)   2,022,141 1,844,572
Dividends and net income on equity investments 235,854 328,344 123,325
Total operating income, net 20,632,429 15,147,265 8,303,918
Operating expenses   (8,242,695) (7,157,355)
Impairment, depreciation and amortization (980,575) (920,558) (837,790)
Total operating expenses (10,887,643) (9,163,253) (7,995,145)
Profit (Loss) before income tax 9,744,786 5,984,012 308,773
Banking Colombia      
OPERATING SEGMENTS      
Threshold Revenue, bank corporate and government sales force targets and specializes 100,000    
Operating Segments      
Financial performance by operating segment      
Total interest and valuation on financial instruments 26,796,947 16,135,317 16,687,505
Interest income on loans and financial leases 24,783,493 15,343,862 16,131,832
Total debt investments 1,787,088 777,612 841,959
Derivatives 171,381 33,637 (337,796)
Total liquidity operations 54,985 (19,794) 51,510
Interest expenses (8,442,470) (4,351,556) (5,863,008)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 18,354,477 11,783,761 10,824,497
Total credit impairment charges, net (3,791,697) (2,413,226) (7,533,731)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 14,562,780 9,370,535 3,290,766
Fees and commissions income 6,370,526 5,293,804 4,598,413
Fees and commissions expenses (2,590,166) (1,860,683) (1,561,585)
Total fees and commission income, net 3,780,360 3,433,121 3,036,828
Other operating income (Expense) 2,053,435 2,023,144 1,845,368
Dividends and net income on equity investments 235,854 328,344 105,286
Total operating income, net 20,632,429 15,155,144 8,278,248
Operating expenses (9,907,068) (8,242,695) (7,157,355)
Impairment, depreciation and amortization (980,575) (919,763) (836,887)
Total operating expenses (10,887,643) (9,162,458) (7,994,242)
Profit (Loss) before income tax 9,744,786 5,992,686 284,006
Operating Segments | Banking Colombia      
Financial performance by operating segment      
Total interest and valuation on financial instruments 20,727,335 11,498,013 11,944,262
Interest income on loans and financial leases 19,263,960 11,118,035 11,859,262
Total debt investments 1,361,299 399,517 451,781
Derivatives 108,255 17,263 (381,725)
Total liquidity operations (6,179) (36,802) 14,944
Interest expenses (6,333,834) (2,666,843) (3,914,661)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 14,393,501 8,831,170 8,029,601
Total credit impairment charges, net (2,971,599) (2,122,515) (5,889,710)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 11,421,902 6,708,655 2,139,891
Revenues (Expenses) from transactions with other operating segments of the Bank (32,163) 18,458 142
Fees and commissions income 4,684,563 3,841,472 3,291,382
Fees and commissions expenses (2,099,585) (1,524,691) (1,313,286)
Total fees and commission income, net 2,584,978 2,316,781 1,978,096
Other operating income (Expense) (72,994) 653,968 817,677
Dividends and net income on equity investments (8,058) 93,769 43,737
Total operating income, net 13,893,665 9,791,631 4,979,543
Operating expenses (6,600,686) (5,550,033) (4,967,506)
Impairment, depreciation and amortization (613,807) (529,662) (405,811)
Total operating expenses (7,214,493) (6,079,695) (5,373,317)
Profit (Loss) before income tax 6,679,172 3,711,936 (393,774)
Operating Segments | Banking Panama      
Financial performance by operating segment      
Total interest and valuation on financial instruments 2,364,820 1,963,509 1,986,566
Interest income on loans and financial leases 2,154,151 1,791,476 1,793,826
Total debt investments 161,974 156,377 170,416
Derivatives (1,026) 1,860 (502)
Total liquidity operations 49,721 13,796 22,826
Interest expenses (910,937) (796,396) (841,736)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,453,883 1,167,113 1,144,830
Total credit impairment charges, net (545,012) (323,216) (907,910)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 908,871 843,897 236,920
Revenues (Expenses) from transactions with other operating segments of the Bank (25,022) (10,089) (25,054)
Fees and commissions income 446,583 351,603 310,773
Fees and commissions expenses (210,004) (151,906) (118,016)
Total fees and commission income, net 236,579 199,697 192,757
Other operating income (Expense) 51,494 19,101 30,145
Dividends and net income on equity investments 9,655 4,387 6,984
Total operating income, net 1,181,577 1,056,993 441,752
Operating expenses (797,091) (700,226) (590,269)
Impairment, depreciation and amortization (110,293) (104,493) (112,358)
Total operating expenses (907,384) (804,719) (702,627)
Profit (Loss) before income tax 274,193 252,274 (260,875)
Operating Segments | Banking El Salvador      
Financial performance by operating segment      
Total interest and valuation on financial instruments 1,527,860 1,193,824 1,226,150
Interest income on loans and financial leases 1,293,556 1,072,718 1,140,924
Total debt investments 170,423 105,035 84,366
Derivatives 63,494 15,345 227
Total liquidity operations 387 726 633
Interest expenses (297,839) (240,144) (293,317)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,230,021 953,680 932,833
Total credit impairment charges, net (102,710) 4,271 (366,691)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,127,311 957,951 566,142
Revenues (Expenses) from transactions with other operating segments of the Bank (7,371) 7 (7,531)
Fees and commissions income 444,177 359,724 289,792
Fees and commissions expenses (170,563) (116,600) (74,887)
Total fees and commission income, net 273,614 243,124 214,905
Other operating income (Expense) 19,685 9,712 14,266
Dividends and net income on equity investments 5,340 2,760 858
Total operating income, net 1,418,579 1,213,554 788,640
Operating expenses (639,748) (549,782) (424,516)
Impairment, depreciation and amortization (106,601) (81,201) (69,318)
Total operating expenses (746,349) (630,983) (493,834)
Profit (Loss) before income tax 672,230 582,571 294,806
Operating Segments | Banking Guatemala      
Financial performance by operating segment      
Total interest and valuation on financial instruments 1,537,801 1,178,615 1,101,638
Interest income on loans and financial leases 1,509,143 1,109,804 1,012,174
Total debt investments 27,089 67,772 83,767
Total liquidity operations 1,569 1,039 5,697
Interest expenses (528,459) (397,138) (450,091)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 1,009,342 781,477 651,547
Total credit impairment charges, net (168,834) 35,841 (297,386)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 840,508 817,318 354,161
Revenues (Expenses) from transactions with other operating segments of the Bank (45,526) (26,324) (35,171)
Fees and commissions income 218,554 159,908 176,268
Fees and commissions expenses (91,424) (50,144) (39,871)
Total fees and commission income, net 127,130 109,764 136,397
Other operating income (Expense) 129,403 82,855 74,021
Dividends and net income on equity investments 828 658 953
Total operating income, net 1,052,343 984,271 530,361
Operating expenses (577,497) (464,199) (423,211)
Impairment, depreciation and amortization (54,999) (102,991) (132,237)
Total operating expenses (632,496) (567,190) (555,448)
Profit (Loss) before income tax 419,847 417,081 (25,087)
Operating Segments | Trust      
Financial performance by operating segment      
Total interest and valuation on financial instruments 72 46 32
Interest income on loans and financial leases 72 46 32
Interest expenses (150) (167) (166)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments (78) (121) (134)
Total credit impairment charges, net (796) (4,595) (1,270)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments (874) (4,716) (1,404)
Revenues (Expenses) from transactions with other operating segments of the Bank (12,658) (26,584) (24,159)
Fees and commissions income 318,869 347,878 349,150
Fees and commissions expenses (3,668) (3,881) (4,095)
Total fees and commission income, net 315,201 343,997 345,055
Other operating income (Expense) 14,897 12,702 13,078
Dividends and net income on equity investments 2,164 28,201 29,145
Total operating income, net 318,730 353,600 361,715
Operating expenses (153,377) (129,923) (104,005)
Impairment, depreciation and amortization (1,630) (1,548) (1,379)
Total operating expenses (155,007) (131,471) (105,384)
Profit (Loss) before income tax 163,723 222,129 256,331
Operating Segments | Investment Banking      
Financial performance by operating segment      
Total interest and valuation on financial instruments 4    
Total debt investments 4    
Interest expenses (4) (7) (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   (7) (4)
Total credit impairment charges, net (924) (55) 42
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments (924) (62) 38
Revenues (Expenses) from transactions with other operating segments of the Bank 3,404 3,576 20,509
Fees and commissions income 86,232 79,531 37,447
Fees and commissions expenses (269) (49) (61)
Total fees and commission income, net 85,963 79,482 37,386
Other operating income (Expense) 671 879 1,524
Dividends and net income on equity investments 8,760 (232) (2,503)
Total operating income, net 97,874 83,643 56,954
Operating expenses (47,997) (34,905) (23,658)
Impairment, depreciation and amortization (232) (206) (217)
Total operating expenses (48,229) (35,111) (23,875)
Profit (Loss) before income tax 49,645 48,532 33,079
Operating Segments | Brokerage      
Financial performance by operating segment      
Total interest and valuation on financial instruments 12,996 12,277 47,030
Interest income on loans and financial leases 511 28 45
Total debt investments 20,024 12,540 17,086
Derivatives 658 (832) 29,209
Total liquidity operations (8,197) 541 690
Interest expenses (104) (73) (35)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 12,892 12,204 46,995
Total credit impairment charges, net 3,133 (116) (1,518)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 16,025 12,088 45,477
Revenues (Expenses) from transactions with other operating segments of the Bank 53,229 59,995 61,393
Fees and commissions income 111,366 117,282 112,628
Fees and commissions expenses (6,160) (4,135) (3,597)
Total fees and commission income, net 105,206 113,147 109,031
Other operating income (Expense) 13,575 (6,075) (5,736)
Dividends and net income on equity investments (4,314) 2,177 (27,930)
Total operating income, net 183,721 181,332 182,235
Operating expenses (153,317) (119,265) (88,828)
Impairment, depreciation and amortization (1,754) (1,896) (1,892)
Total operating expenses (155,071) (121,161) (90,720)
Profit (Loss) before income tax 28,650 60,171 91,515
Operating Segments | International Banking      
Financial performance by operating segment      
Total interest and valuation on financial instruments 512,417 251,135 347,881
Interest income on loans and financial leases 446,028 215,529 293,802
Total debt investments 48,722 35,739 33,885
Derivatives   1 14,995
Total liquidity operations 17,667 (134) 5,199
Interest expenses (271,280) (198,012) (299,755)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 241,137 53,123 48,126
Total credit impairment charges, net 25,029 14,995 (56,122)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 266,166 68,118 (7,996)
Revenues (Expenses) from transactions with other operating segments of the Bank 212,049 81,997 118,854
Fees and commissions income 42,021 33,309 28,896
Fees and commissions expenses (8,025) (6,556) (4,600)
Total fees and commission income, net 33,996 26,753 24,296
Other operating income (Expense) 9,954 11,109 12,939
Dividends and net income on equity investments 35 20 32
Total operating income, net 522,200 187,997 148,125
Operating expenses (79,814) (61,191) (58,073)
Impairment, depreciation and amortization (2,626) (1,993) (2,631)
Total operating expenses (82,440) (63,184) (60,704)
Profit (Loss) before income tax 439,760 124,813 87,421
Operating Segments | All other segments      
Financial performance by operating segment      
Total interest and valuation on financial instruments 113,642 37,898 33,946
Interest income on loans and financial leases 116,072 36,226 31,767
Total debt investments (2,447) 632 658
Total liquidity operations 17 1,040 1,521
Interest expenses (99,863) (52,776) (63,243)
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments 13,779 (14,878) (29,297)
Total credit impairment charges, net (29,984) (17,836) (13,166)
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments (16,205) (32,714) (42,463)
Revenues (Expenses) from transactions with other operating segments of the Bank (145,942) (101,036) (108,983)
Fees and commissions income 18,161 3,097 2,077
Fees and commissions expenses (468) (2,721) (3,172)
Total fees and commission income, net 17,693 376 (1,095)
Other operating income (Expense) 1,886,750 1,238,893 887,454
Dividends and net income on equity investments 221,444 196,604 54,010
Total operating income, net 1,963,740 1,302,123 788,923
Operating expenses (857,541) (633,171) (477,289)
Impairment, depreciation and amortization (88,633) (95,773) (111,044)
Total operating expenses (946,174) (728,944) (588,333)
Profit (Loss) before income tax $ 1,017,566 573,179 200,590
Adjustments for consolidation      
Financial performance by operating segment      
Total interest and valuation on financial instruments   428 1,145
Interest income on loans and financial leases   428 1,145
Net interest margin and valuation on financial instruments before impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments   428 1,145
Total credit impairment charges, net   (7,304) 7,282
Net interest margin and valuation on financial instruments after impairment on loans and financial leases, off balance sheet credit instruments and other financial instruments   (6,876) 8,427
Other operating income (Expense)   (1,003) (796)
Dividends and net income on equity investments     18,039
Total operating income, net   (7,879) 25,670
Impairment, depreciation and amortization   (795) (903)
Total operating expenses   (795) (903)
Profit (Loss) before income tax   $ (8,674) $ 24,767