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ANALYSIS OF OPERATING SEGMENTS - Statement of income (Details) - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income      
Interest income $ 19,647,518 $ 20,222,790 $ 19,552,735
Income for commission and fees 6,453,202 5,835,899 6,083,343
Income from sales of goods and services 10,450,914 9,144,789 9,156,588
Share of profit of equity accounted investees, net of tax 300,217 220,162 229,626
Dividends 159,122 91,565 84,686
Net income from other financial instruments mandatorily at fair value through profit or loss 270,095 252,355 217,616
Net trading income 948,716 1,295,424 761,911
Other income 834,708 1,405,172 968,651
Total income 39,064,492 38,468,156 37,055,156
Expenses      
Interest expense (6,918,657) (8,262,264) (8,267,217)
Net impairment loss on financial assets (4,035,089) (6,013,893) (3,755,103)
Depreciation and amortization (1,030,977) (1,015,371) (901,485)
Expenses from commissions and fees (841,774) (742,476) (627,999)
Costs and expenses of sales goods and services (7,351,979) (6,321,488) (6,781,777)
Administrative expenses (5,467,373) (4,966,359) (4,954,307)
Income tax expense (2,851,795) (1,843,668) (2,086,257)
Other expense (4,898,346) (4,671,021) (4,315,557)
Total Expenses (33,395,990) (33,836,540) (31,689,702)
Net income for the year 5,668,502 4,631,616 5,365,454
Net gain on sale of debt securities 314,960 613,213 198,562
Foreign exchange gains, net 87,236 363,034 312,267
Gain on the sale of non-current assets held for sale 36,225 112,043 23,381
Net gain or loss on asset valuation 20,974 (50,326) 14,151
Other operating income 375,313 367,208 420,290
Personnel expenses (4,513,015) (4,400,542) (4,085,396)
Loss from sale of non-current assets held for sale (3,179) (3,420) (4,392)
Other operating expenses (382,152) (267,059) (225,769)
Banco de Bogota S.A.      
Income      
Interest income 6,104,989 6,221,050 5,931,114
Income for commission and fees 1,418,806 1,215,773 1,302,769
Income from sales of goods and services 34,360 26,894 52,228
Share of profit of equity accounted investees, net of tax 4,420 4,819 10,633
Dividends 6,799 6,653 635
Net trading income 540,715 596,070 187,834
Other income (169,566) 324,554 260,715
Total income 7,940,523 8,395,813 7,745,928
Expenses      
Interest expense (2,122,188) (2,612,243) (2,690,061)
Net impairment loss on financial assets (1,679,612) (2,572,877) (1,357,159)
Depreciation and amortization (285,670) (283,609) (244,909)
Expenses from commissions and fees (325,580) (263,435) (175,832)
Costs and expenses of sales goods and services (161,088) (150,644) (181,879)
Administrative expenses (1,300,958) (1,308,248) (1,441,417)
Income tax expense (252,595) (18,752) (314,239)
Other expense (1,169,845) (1,081,162) (887,201)
Total Expenses (7,297,536) (8,290,970) (7,292,697)
Net income for the year 4,361,100 2,196,946 2,770,827
BAC Holding International Corp      
Income      
Interest income 6,839,240 7,005,424 6,302,300
Income for commission and fees 2,657,273 2,388,632 2,562,027
Share of profit of equity accounted investees, net of tax   244  
Dividends 5,153 7,170 4,243
Net trading income 26,435 7,282 54,335
Other income 891,650 850,172 427,396
Total income 10,419,751 10,258,924 9,350,301
Expenses      
Interest expense (2,257,827) (2,460,619) (2,156,423)
Net impairment loss on financial assets (1,314,006) (1,733,028) (1,260,960)
Depreciation and amortization (424,110) (431,606) (373,585)
Expenses from commissions and fees (110,032) (106,763) (100,232)
Administrative expenses (2,257,766) (1,925,599) (1,788,732)
Income tax expense (528,367) (483,602) (477,575)
Other expense (1,924,764) (1,971,316) (1,815,591)
Total Expenses (8,816,872) (9,112,533) (7,973,098)
Net income for the year 1,691,418 1,169,473 1,345,364
Banco de Occidente S.A.      
Income      
Interest income 2,727,195 2,959,192 3,107,030
Income for commission and fees 450,735 416,437 423,571
Income from sales of goods and services 49,633 50,079 58,947
Share of profit of equity accounted investees, net of tax 4,990 3,049 4,272
Dividends 526 277 336
Net trading income (67,877) 396,691 117,048
Other income 298,738 (57,474) 145,493
Total income 3,463,940 3,768,251 3,856,697
Expenses      
Interest expense (769,621) (1,082,203) (1,228,385)
Net impairment loss on financial assets (723,664) (1,137,316) (720,456)
Depreciation and amortization (126,522) (116,070) (107,651)
Expenses from commissions and fees (126,377) (104,387) (85,289)
Costs and expenses of sales goods and services (318,687) (311,439) (305,866)
Administrative expenses (687,293) (655,902) (725,963)
Income tax expense (74,903) 65,459 (61,098)
Other expense (508,966) (551,399) (494,103)
Total Expenses (3,336,033) (3,893,257) (3,728,811)
Net income for the year 585,905 340,558 568,059
Banco Popular S.A.      
Income      
Interest income 2,192,893 2,219,585 2,297,087
Income for commission and fees 255,026 245,997 263,985
Share of profit of equity accounted investees, net of tax 7,817 5,241 5,232
Dividends 2,957 2,239 1,155
Net trading income 18,481 53,722 24,827
Other income 59,499 47,713 72,545
Total income 2,536,673 2,574,497 2,664,831
Expenses      
Interest expense (617,622) (822,584) (880,056)
Net impairment loss on financial assets (161,928) (303,710) (319,532)
Depreciation and amortization (100,066) (89,458) (82,028)
Expenses from commissions and fees (63,713) (59,251) (65,713)
Administrative expenses (745,582) (667,265) (640,153)
Income tax expense (155,714) (91,348) (52,533)
Other expense (460,424) (404,979) (415,526)
Total Expenses (2,305,049) (2,438,595) (2,455,541)
Net income for the year 314,577 234,754 302,120
Banco AV Villas S A      
Income      
Interest income 1,296,049 1,343,460 1,460,981
Income for commission and fees 280,673 257,018 281,324
Income from sales of goods and services     (5,466)
Share of profit of equity accounted investees, net of tax 8,259 3,704 3,819
Dividends 1,269 1,702 1,795
Net trading income (622) 16,121 16,648
Other income 19,885 52,578 36,692
Total income 1,605,513 1,674,583 1,795,793
Expenses      
Interest expense (238,012) (352,566) (421,033)
Net impairment loss on financial assets (149,468) (253,319) (222,446)
Depreciation and amortization (66,504) (67,595) (65,455)
Expenses from commissions and fees (205,604) (157,354) (137,275)
Administrative expenses (394,819) (391,477) (392,862)
Income tax expense (116,732) (58,740) (105,396)
Other expense (269,617) (259,158) (242,113)
Total Expenses (1,440,756) (1,540,209) (1,586,580)
Net income for the year 192,248 163,914 236,625
Sociedad Administradora de Fondos de Pensiones y Cesantias Porvenir S.A.      
Income      
Interest income 45,560 44,540 46,132
Income for commission and fees 1,195,302 1,110,127 1,083,469
Income from sales of goods and services 57,358 56,401 54,784
Net trading income 223,745 203,853 250,112
Other income (57,904) (6,870) 2,787
Total income 1,464,061 1,408,051 1,437,284
Expenses      
Interest expense (40,247) (42,386) (35,770)
Net impairment loss on financial assets (6,942) (1,971) (7,506)
Depreciation and amortization (12,163) (13,340) (13,424)
Expenses from commissions and fees (114,818) (110,654) (115,398)
Costs and expenses of sales goods and services (55,601) (53,955) (54,049)
Administrative expenses (213,044) (188,630) (175,934)
Income tax expense (191,886) (245,360) (207,227)
Other expense (262,329) (183,617) (270,676)
Total Expenses (897,030) (839,913) (879,984)
Net income for the year 580,202 578,822 569,629
Corficolombiana S.A      
Income      
Interest income 441,586 429,495 407,843
Income for commission and fees 94,244 83,271 77,012
Income from sales of goods and services 10,309,563 9,011,415 8,996,095
Share of profit of equity accounted investees, net of tax 272,646 201,580 205,674
Dividends 142,418 73,524 76,522
Net income from other financial instruments mandatorily at fair value through profit or loss 270,095 252,355 217,616
Net trading income 207,794 21,551 110,977
Other income (227,725) 191,249 20,186
Total income 11,510,621 10,264,440 10,111,925
Expenses      
Interest expense (1,028,343) (984,454) (925,197)
Net impairment loss on financial assets (9,177) (12,037) (12,330)
Depreciation and amortization (9,434) (8,939) (7,789)
Expenses from commissions and fees (13,587) (12,048) (12,737)
Costs and expenses of sales goods and services (6,830,460) (5,824,340) (6,256,833)
Administrative expenses (100,585) (88,615) (85,533)
Income tax expense (1,476,571) (962,300) (802,936)
Other expense (220,105) (133,397) (136,968)
Total Expenses (9,688,262) (8,026,130) (8,240,323)
Net income for the year 1,849,023 2,292,396 2,004,164
All other segments      
Income      
Interest income 6 44 248
Income for commission and fees 101,143 118,644 89,186
Share of profit of equity accounted investees, net of tax 2,085 1,525 (4)
Net trading income 45 134 130
Other income 20,131 3,250 2,837
Total income 123,410 123,597 92,397
Expenses      
Interest expense (418,213) (404,727) (240,723)
Depreciation and amortization (11,058) (8,745) (10,135)
Expenses from commissions and fees (6,135) (3,867) (4,419)
Costs and expenses of sales goods and services 19,859 19,860 20,755
Administrative expenses (367,244) (349,937) (279,356)
Income tax expense (53,555) (47,546) (62,399)
Other expense 606,907 501,997 366,572
Total Expenses (229,439) (292,965) (209,705)
Net income for the year 96,009 (4,890) 39,626
Operating segments [member] | Banco de Bogota S.A.      
Income      
Total income 11,658,636 10,487,916 10,063,524
Operating segments [member] | BAC Holding International Corp      
Income      
Total income 10,508,290 10,282,006 9,318,462
Operating segments [member] | Banco de Occidente S.A.      
Income      
Total income 3,921,938 4,233,815 4,296,870
Operating segments [member] | Banco Popular S.A.      
Income      
Total income 2,619,626 2,673,349 2,757,661
Operating segments [member] | Banco AV Villas S A      
Income      
Total income 1,633,004 1,704,123 1,823,205
Operating segments [member] | Sociedad Administradora de Fondos de Pensiones y Cesantias Porvenir S.A.      
Income      
Total income 1,477,232 1,418,735 1,449,613
Operating segments [member] | Corficolombiana S.A      
Income      
Total income 11,537,285 10,318,526 10,244,487
Operating segments [member] | All other segments      
Income      
Total income 325,448 288,075 249,331
Elimination of intersegment amounts [member]      
Income      
Interest income (150,280) (190,414) (257,042)
Income for commission and fees (123,964) (84,459) (107,562)
Income from sales of goods and services (193,169) (192,906) (183,637)
Share of profit of equity accounted investees, net of tax (1,001,702) (1,151,662) (1,098,129)
Participation in results of subsidiaries (1,691,418) (1,169,473) (1,345,364)
Dividends (18,738) (15,678) (12,393)
Net trading income 4,345 (6,236) (5,558)
Gain on deconsolidation (loss of control) of subsidiaries (1,303,024)    
Other income (139,017) (127,561) (138,312)
Total income (4,616,967) (2,938,389) (3,147,997)
Expenses      
Interest expense 573,416 499,518 310,431
Net impairment loss on financial assets 9,708 365 145,286
Depreciation and amortization 4,550 3,991 3,491
Expenses from commissions and fees 124,072 75,283 68,896
Costs and expenses of sales goods and services (6,002) (970) (3,905)
Administrative expenses 599,918 609,314 575,643
Income tax expense (1,472) (1,479) (2,854)
Other expense (689,203) (587,990) (419,951)
Total Expenses 614,987 598,032 677,037
Net income for the year (4,001,980) (2,340,357) (2,470,960)
Elimination of intersegment amounts [member] | Banco de Bogota S.A.      
Income      
Interest income (65,537) (95,946) (93,463)
Income for commission and fees (5,551) (6,201) (4,292)
Income from sales of goods and services (38) (1,285) (1,969)
Share of profit of equity accounted investees, net of tax (706,881) (823,168) (780,515)
Participation in results of subsidiaries (1,691,418) (1,169,473) (1,345,364)
Dividends (6,093) (6,192) (5,288)
Net trading income 2,130 (7,299) (37,261)
Gain on deconsolidation (loss of control) of subsidiaries (1,303,024)    
Other income (5,807) (2,200) (49,444)
Discontinued segment 64,106 19,661  
Total income (3,718,113) (2,092,103) (2,317,596)
Elimination of intersegment amounts [member] | BAC Holding International Corp      
Income      
Interest income (16,869) (1,269) (2,212)
Income for commission and fees   (26) (47)
Net trading income     34,199
Other income (7,564) (2,126) (101)
Discontinued segment (64,106) (19,661)  
Total income (88,539) (23,082) 31,839
Elimination of intersegment amounts [member] | Banco de Occidente S.A.      
Income      
Interest income (14,763) (14,803) (13,344)
Income for commission and fees (7,480) (6,344) (8,328)
Income from sales of goods and services (187,357) (185,687) (164,635)
Share of profit of equity accounted investees, net of tax (240,874) (253,586) (246,576)
Dividends (2,612) (2,067) (2,022)
Net trading income (95) (243)  
Other income (4,817) (2,834) (5,268)
Total income (457,998) (465,564) (440,173)
Elimination of intersegment amounts [member] | Banco Popular S.A.      
Income      
Interest income (15,831) (15,424) (13,411)
Income for commission and fees (2,749) (2,967) (2,904)
Share of profit of equity accounted investees, net of tax (59,418) (78,493) (73,370)
Dividends (4,713) (3,601) (2,925)
Net trading income 10 1,858 (39)
Other income (252) (225) (181)
Total income (82,953) (98,852) (92,830)
Elimination of intersegment amounts [member] | Banco AV Villas S A      
Income      
Interest income (10,029) (10,193) (3,441)
Income for commission and fees (18,016) (18,391) (18,905)
Income from sales of goods and services     (5,466)
Share of profit of equity accounted investees, net of tax 6,610 4,432 3,997
Dividends (3,281) (2,195) (2,053)
Net trading income (5) 4  
Other income (2,770) (3,197) (1,544)
Total income (27,491) (29,540) (27,412)
Elimination of intersegment amounts [member] | Sociedad Administradora de Fondos de Pensiones y Cesantias Porvenir S.A.      
Income      
Interest income (4,655) (3,355) (2,740)
Income for commission and fees (2,511) (3,048) (3,385)
Income from sales of goods and services (4,841) (3,765) (5,701)
Net trading income 1,987    
Other income (3,151) (516) (503)
Total income (13,171) (10,684) (12,329)
Elimination of intersegment amounts [member] | Corficolombiana S.A      
Income      
Interest income (22,353) (49,233) (128,352)
Income for commission and fees (1,821) (1,542) (1,474)
Income from sales of goods and services (933) (2,169) (5,866)
Share of profit of equity accounted investees, net of tax (1,139) (847) (1,665)
Dividends (2,039) (1,623) (105)
Net trading income 318 (556) (2,457)
Other income 1,303 1,884 7,357
Total income (26,664) (54,086) (132,562)
Elimination of intersegment amounts [member] | All other segments      
Income      
Interest income (243) (191) (79)
Income for commission and fees (85,836) (45,940) (68,227)
Other income (115,959) (118,347) (88,628)
Total income $ (202,038) $ (164,478) $ (156,934)