XML 67 R48.htm IDEA: XBRL DOCUMENT v3.22.1
ESTIMATION OF FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of estimations of fair value [abstract]  
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Text Block]

December 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

  Level 1  

    

    Level 2

    

    Level 3

    

    Total

Assets

​

​

  

​

​

  

​

​

  

​

​

  

​

​

​

​

​

​

​

​

​

​

​

​

​

Trading investments

​

​

  

​

​

  

​

​

  

​

​

  

Securities issued or secured by Colombian Government

​

Ps.

2,244,069

​

Ps.

513,883

​

Ps.

—

​

Ps.

2,757,952

Securities issued or secured by other Colombian Government entities

​

​

—

​

​

249,510

​

​

—

​

​

249,510

Securities issued or secured by foreign Governments

​

​

—

​

​

150,962

​

​

62,901

​

​

213,863

Securities issued or secured by other financial entities

​

​

—

​

​

1,476,476

​

​

—

​

​

1,476,476

Securities issued or secured by non-financial sector entities

​

​

—

​

​

9,388

​

​

—

​

​

9,388

Others

​

​

—

​

​

34,098

​

​

—

​

​

34,098

Total trading investments

​

Ps.

2,244,069

​

Ps.

2,434,317

​

Ps.

62,901

​

Ps.

4,741,287

Investments in debt securities at fair value through profit or loss

​

​

  

​

​

  

​

​

  

​

​

  

Others

​

​

—

​

​

—

​

​

—

​

​

—

Total investments in debt securities at fair value through profit or loss

​

Ps.

2,244,069

​

Ps.

2,434,317

​

Ps.

62,901

​

Ps.

4,741,287

Investments in debt securities at fair value through OCI

​

​

  

​

​

  

​

​

  

​

​

  

Securities issued or secured by Colombian Government

​

​

10,638,542

​

​

5,433,220

​

​

—

​

​

16,071,762

Securities issued or secured by other Colombian Government entities

​

​

108,028

​

​

714,886

​

​

—

​

​

822,914

Securities issued or secured by foreign Governments

​

​

1,324,236

​

​

11,408,428

​

​

—

​

​

12,732,664

Securities issued or secured by central banks

​

​

—

​

​

1,857,718

​

​

—

​

​

1,857,718

Securities issued or secured by other financial entities

​

​

—

​

​

4,186,830

​

​

18,094

​

​

4,204,924

Securities issued or secured by non-financial sector entities

​

​

—

​

​

737,710

​

​

—

​

​

737,710

Others

​

​

52,466

​

​

1,005,882

​

​

7,826

​

​

1,066,174

Total investments in debt securities at fair value through OCI

​

Ps.

12,123,272

​

Ps.

25,344,674

​

Ps.

25,920

​

Ps.

37,493,866

Total investments in debt securities

​

Ps.

14,367,341

​

Ps.

27,778,991

​

Ps.

88,821

​

Ps.

42,235,153

​

​

​

​

​

​

​

​

​

​

​

​

​

Equity securities

​

​

  

​

​

  

​

​

  

​

​

  

Trading equity securities

​

​

6,404

​

​

3,807,594

​

​

1,268,576

​

​

5,082,574

Investments in equity through OCI

​

​

1,313,152

​

​

4,395

​

​

88,588

​

​

1,406,135

Total equity securities

​

Ps.

1,319,556

​

Ps.

3,811,989

​

Ps.

1,357,164

​

Ps.

6,488,709

​

​

​

​

​

​

​

​

​

​

​

​

​

Held for trading derivatives

​

​

  

​

​

  

​

​

  

​

​

  

Currency forward

​

​

—

​

​

851,109

​

​

—

​

​

851,109

Debt securities forward

​

​

—

​

​

1,099

​

​

—

​

​

1,099

Interest rate swap

​

​

—

​

​

208,440

​

​

—

​

​

208,440

Currency swap

​

​

—

​

​

39,589

​

​

—

​

​

39,589

Currency options

​

​

—

​

​

62,191

​

​

—

​

​

62,191

Index future

​

​

481

​

​

—

​

​

—

​

​

481

Total held for trading derivatives

​

Ps.

481

​

Ps.

1,162,428

​

Ps.

—

​

Ps.

1,162,909

Hedging derivatives

​

​

  

​

​

  

​

​

  

​

​

  

Currency forward

​

​

—

​

​

6,677

​

​

—

​

​

6,677

Interest rate swap

​

​

—

​

​

27,579

​

​

—

​

​

27,579

Currency swap

​

​

—

​

​

9,992

​

​

—

​

​

9,992

Total hedging derivatives

​

Ps.

—

​

Ps.

44,248

​

Ps.

—

​

Ps.

44,248

Other account receivables

​

​

  

​

​

  

​

​

  

​

​

  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

  Level 1  

    

    Level 2

    

    Level 3

    

    Total

Financial assets in concession contracts

​

​

—

​

​

—

​

​

3,228,480

​

​

3,228,480

Total other account receivables designated at fair value

​

Ps.

—

​

Ps.

—

​

Ps.

3,228,480

​

Ps.

3,228,480

Non- financial assets

​

​

  

​

​

  

​

​

  

​

​

  

Biological assets

​

​

—

​

​

—

​

​

154,986

​

​

154,986

Investment properties

​

​

—

​

​

—

​

​

852,935

​

​

852,935

Total non- financial assets

​

Ps.

—

​

Ps.

—

​

Ps.

1,007,921

​

Ps.

1,007,921

Total assets at fair value on recurring basis

​

Ps.

15,687,378

​

Ps.

32,797,656

​

Ps.

5,682,386

​

Ps.

54,167,420

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

​

​

​

​

​

​

​

​

​

Trading derivatives

​

​

​

​

​

​

​

​

​

​

​

​

Currency forward

​

​

—

​

​

659,871

​

​

—

​

​

659,871

Debt securities forward

​

​

—

​

​

3,014

​

​

—

​

​

3,014

Index futures

​

​

4,972

​

​

—

​

​

—

​

​

4,972

Interest rate swap

​

​

—

​

​

230,862

​

​

—

​

​

230,862

Currency swap

​

​

—

​

​

72,044

​

​

—

​

​

72,044

Currency options

​

​

—

​

​

79,147

​

​

—

​

​

79,147

Total trading derivatives

​

Ps.

4,972

​

Ps.

1,044,938

​

Ps.

—

​

Ps.

1,049,910

Hedging derivatives

​

​

​

​

​

​

​

​

​

​

​

​

Currency forward

​

​

—

​

​

33,160

​

​

—

​

​

33,160

Interest rate swap

​

​

—

​

​

22,653

​

​

—

​

​

22,653

Total hedging derivatives

​

Ps.

—

​

Ps.

55,813

​

Ps.

—

​

Ps.

55,813

Total liabilities at fair value on recurring basis

​

Ps.

4,972

​

Ps.

1,100,751

​

Ps.

—

​

Ps.

1,105,723

​

December 31, 2020

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

​

​

  

​

​

  

​

​

  

​

​

  

​

​

​

​

​

​

​

​

​

​

​

​

​

Trading investments

​

​

  

​

​

  

​

​

  

​

​

  

Securities issued or secured by Colombian Government

​

Ps.

1,748,734

​

Ps.

1,083,245

​

Ps.

—

​

Ps.

2,831,979

Securities issued or secured by other Colombian Government entities

​

​

—

​

​

187,295

​

​

—

​

​

187,295

Securities issued or secured by foreign Governments

​

​

—

​

​

129,082

​

​

72,230

​

​

201,312

Securities issued or secured by other financial entities

​

​

—

​

​

1,502,818

​

​

—

​

​

1,502,818

Securities issued or secured by non-financial sector entities

​

​

—

​

​

24,975

​

​

—

​

​

24,975

Others

​

​

—

​

​

32,614

​

​

—

​

​

32,614

Total trading investments

​

Ps.

1,748,734

​

Ps.

2,960,029

​

Ps.

72,230

​

Ps.

4,780,993

Investments in debt securities at fair value through profit or loss

​

​

  

​

​

  

​

​

  

​

​

  

Others

​

​

—

​

​

—

​

​

7,385

​

​

7,385

Total investments in debt securities at fair value through profit or loss

​

Ps.

1,748,734

​

Ps.

2,960,029

​

Ps.

79,615

​

Ps.

4,788,378

Investments in debt securities at fair value through OCI

​

​

  

​

​

  

​

​

  

​

​

  

Securities issued or secured by Colombian Government

​

​

9,943,470

​

​

2,903,729

​

​

—

​

​

12,847,199

Securities issued or secured by other Colombian Government entities

​

​

174,614

​

​

286,459

​

​

—

​

​

461,073

Securities issued or secured by foreign Governments

​

​

1,813,022

​

​

7,850,302

​

​

—

​

​

9,663,324

Securities issued or secured by central banks

​

​

—

​

​

1,862,922

​

​

—

​

​

1,862,922

Securities issued or secured by other financial entities

​

​

168,314

​

​

2,740,688

​

​

3,430

​

​

2,912,432

Securities issued or secured by non-financial sector entities

​

​

—

​

​

49,570

​

​

—

​

​

49,570

Others

​

​

35,491

​

​

1,122,041

​

​

12,304

​

​

1,169,836

Total investments in debt securities at fair value through OCI

​

Ps.

12,134,911

​

Ps.

16,815,711

​

Ps.

15,734

​

Ps.

28,966,356

Total investments in debt securities

​

Ps.

13,883,645

​

Ps.

19,775,740

​

Ps.

95,349

​

Ps.

33,754,734

​

​

​

​

​

​

​

​

​

​

​

​

​

Equity securities

​

​

  

​

​

  

​

​

  

​

​

  

Trading equity securities

​

​

1,351

​

​

4,076,598

​

​

1,045,990

​

​

5,123,939

Investments in equity through OCI

​

​

1,400,896

​

​

221

​

​

113,973

​

​

1,515,090

Total equity securities

​

Ps.

1,402,247

​

Ps.

4,076,819

​

Ps.

1,159,963

​

Ps.

6,639,029

​

​

​

​

​

​

​

​

​

​

​

​

​

Held for trading derivatives

​

​

  

​

​

  

​

​

  

​

​

  

Currency forward

​

​

—

​

​

817,161

​

​

—

​

​

817,161

Debt securities forward

​

​

—

​

​

349

​

​

—

​

​

349

Interest rate swap

​

​

—

​

​

245,618

​

​

—

​

​

245,618

Currency swap

​

​

—

​

​

31,394

​

​

—

​

​

31,394

Currency options

​

​

—

​

​

39,402

​

​

—

​

​

39,402

Total held for trading derivatives

​

Ps.

—

​

Ps.

1,133,924

​

Ps.

—

​

Ps.

1,133,924

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Level 1

    

Level 2

    

Level 3

    

Total

Hedging derivatives

​

​

  

​

​

  

​

​

  

​

​

  

Currency forward

​

​

—

​

​

123,325

​

​

—

​

​

123,325

Currency swap

​

​

—

​

​

32,895

​

​

—

​

​

32,895

Total hedging derivatives

​

Ps.

—

​

Ps.

156,220

​

Ps.

—

​

Ps.

156,220

Other account receivables

​

​

  

​

​

  

​

​

  

​

​

  

Financial assets in concession contracts

​

​

—

​

​

—

​

​

2,958,385

​

​

2,958,385

Total other account receivables designated at fair value

​

Ps.

—

​

Ps.

—

​

Ps.

2,958,385

​

Ps.

2,958,385

Non- financial assets

​

​

  

​

​

  

​

​

  

​

​

  

Biological assets

​

​

—

​

​

—

​

​

122,675

​

​

122,675

Investment properties

​

​

—

​

​

—

​

​

808,556

​

​

808,556

Total non- financial assets

​

Ps.

—

​

Ps.

—

​

Ps.

931,231

​

Ps.

931,231

Total assets at fair value on recurring basis

​

Ps.

15,285,892

​

Ps.

25,142,703

​

Ps.

5,144,928

​

Ps.

45,573,523

​

​

​

  

​

​

  

​

​

  

​

​

  

Liabilities

​

​

​

​

​

​

​

​

​

​

​

​

Trading derivatives

​

​

​

​

​

​

​

​

​

​

​

​

Currency forward

​

​

—

​

​

1,112,439

​

​

—

​

​

1,112,439

Debt securities forward

​

​

—

​

​

2,071

​

​

—

​

​

2,071

Index futures

​

​

1,165

​

​

—

​

​

—

​

​

1,165

Interest rate swap

​

​

—

​

​

251,414

​

​

—

​

​

251,414

Currency swap

​

​

—

​

​

39,705

​

​

—

​

​

39,705

Currency options

​

​

—

​

​

45,780

​

​

—

​

​

45,780

Total trading derivatives

​

Ps.

1,165

​

Ps.

1,451,409

​

Ps.

—

​

Ps.

1,452,574

Hedging derivatives

​

​

  

​

​

  

​

​

  

​

​

  

Currency forward

​

​

—

​

​

26,924

​

​

—

​

​

26,924

Interest rate swap

​

​

—

​

​

29,703

​

​

—

​

​

29,703

Total hedging derivatives

​

Ps.

—

​

Ps.

56,627

​

Ps.

—

​

Ps.

56,627

Total liabilities at fair value on recurring basis

​

Ps.

1,165

​

Ps.

1,508,036

​

Ps.

—

​

Ps.

1,509,201

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Total

December 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

Impaired collateralized loans

 

Ps.

—

 

Ps.

—

 

Ps.

1,959,513

 

Ps.

1,959,513

Non- current assets held for sale

​

​

—

​

​

—

​

​

208,426

​

​

208,426

​

 

Ps.

—

 

Ps.

—

 

Ps.

2,167,939

 

Ps.

2,167,939

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Total

December 31, 2020

​

​

​

​

​

​

​

​

​

​

​

​

Impaired collateralized loans

 

Ps.

—

 

Ps.

—

 

Ps.

1,508,693

 

Ps.

1,508,693

Non- current assets held for sale

​

​

—

​

​

—

​

​

240,412

​

​

240,412

​

 

Ps.

—

 

Ps.

—

 

Ps.

1,749,105

 

Ps.

1,749,105

​

​

​

Trading assets in debt securities pledged as collateral

The following is a list of held-for-trading financial assets that are being used as collateral in repo operations, pledged as collateral for transactions with financial instruments, or pledged to third parties as collateral to secure financial obligations with other banks (See note 21).

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

    December 31, 2021

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by foreign Governments

 

Ps.

—

 

Ps.

36,005

​

Ps.

—

​

Ps.

36,005

Securities issued or secured by Colombian Government

​

​

1,722,648

​

​

253,834

​

​

—

​

​

1,976,482

Securities issued or secured by other financial entities

​

​

—

​

​

205,634

​

​

—

​

​

205,634

​

 

Ps.

1,722,648

 

Ps.

495,473

​

Ps.

—

​

Ps.

2,218,121

Pledged as collateral to special entities such as CRCC, BR and BVC (*)

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

 

Ps.

20,444

 

Ps.

—

​

Ps.

—

​

Ps.

20,444

​

​

Ps.

20,444

​

Ps.

—

​

Ps.

—

​

Ps.

20,444

​

 

Ps.

1,743,092

 

Ps.

495,473

​

Ps.

—

​

Ps.

2,238,565

(*)    Cámara de Riesgo Central de Contraparte (“CRCC”), Banco de la República (“BR”) and Bolsa de Valores de Colombia (“BVC”)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

    December 31, 2020

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by foreign Governments

 

Ps.

—

 

Ps.

27,440

​

Ps.

—

​

Ps.

27,440

Securities issued or secured by Colombian Government

​

​

877,445

​

​

428,598

​

​

—

​

​

1,306,043

Securities issued or secured by other financial entities

​

​

—

​

​

50,801

​

​

—

​

​

50,801

Others

​

​

—

​

​

7,545

​

​

—

​

​

7,545

​

 

Ps.

877,445

 

Ps.

514,384

​

Ps.

—

​

Ps.

1,391,829

Pledged as collateral to special entities such as CRCC, BR and BVC (*)

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

 

Ps.

59,743

 

Ps.

—

​

Ps.

—

​

Ps.

59,743

​

​

Ps.

59,743

​

Ps.

—

​

Ps.

—

​

Ps.

59,743

Pledged as collateral to financial obligations

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by foreign Governments

​

Ps.

—

​

Ps.

7

​

Ps.

—

​

Ps.

7

​

​

Ps.

—

​

Ps.

7

​

Ps.

—

​

Ps.

7

​

 

Ps.

937,188

 

Ps.

514,391

​

Ps.

—

​

Ps.

1,451,579

(*)    Cámara de Riesgo Central de Contraparte (“CRCC”), Banco de la República (“BR”) and Bolsa de Valores de Colombia (“BVC”)

The following is a list of debt securities at FVOCI that are being used as collateral in repo operations, pledged as collateral for transactions with financial instruments, or pledged to third parties as collateral to secure financial obligations with other banks (See note 21).

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

December 31, 2021

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

  

​

​

  

​

​

  

​

​

  

Securities issued or secured by central banks

​

Ps.

—

​

Ps.

37,797

​

Ps.

—

​

Ps.

37,797

Securities issued or secured by foreign Governments

 

​

1,091,388

 

​

143,630

​

​

—

​

​

1,235,018

Securities issued or secured by Colombian Government

 

  

4,659,290

 

  

880,629

​

  

—

​

  

5,539,919

Securities issued or secured by other Colombian Government entities

 

  

9,002

 

  

59,303

​

  

—

​

  

68,305

Securities issued or secured by other financial entities

 

  

—

 

  

435,588

​

  

—

​

  

435,588

Securities issued or secured by non-financial sector entities

​

​

—

​

​

4,927

​

​

—

​

​

4,927

Others

 

  

52,466

 

  

138,987

​

  

—

​

  

191,453

​

 

Ps.

5,812,146

 

Ps.

1,700,861

​

Ps.

—

​

Ps.

7,513,007

Pledged as collateral in operations with derivative instruments

 

  

  

 

  

  

​

  

  

​

  

  

Securities issued or secured by Colombian Government

 

  

11,155

 

  

—

​

  

—

​

  

11,155

​

 

Ps.

11,155

 

Ps.

—

​

Ps.

—

​

Ps.

11,155

Pledged as collateral to special entities such as CRCC, BR and BVC (*)

 

  

  

 

  

  

​

  

  

​

  

  

Securities issued or secured by Colombian Government

 

  

912,559

 

  

18,920

​

  

—

​

  

931,479

​

 

Ps.

912,559

 

Ps.

18,920

​

Ps.

—

​

Ps.

931,479

​

 

Ps.

6,735,860

 

Ps.

1,719,781

​

Ps.

—

​

Ps.

8,455,641

(*) Cámara de Riesgo Central de Contraparte (“CRCC”), Banco de la República (“BR”) and Bolsa de Valores de Colombia (“BVC”)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2020

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

  

​

​

  

​

​

  

​

​

  

Securities issued or secured by central banks

​

Ps.

—

​

Ps.

869

​

Ps.

—

​

Ps.

869

Securities issued or secured by foreign Governments

​

​

913,836

 

​

243,546

​

​

—

​

​

1,157,382

Securities issued or secured by Colombian Government

​

  

3,260,950

 

  

342,847

​

  

—

​

  

3,603,797

Securities issued or secured by other Colombian Government entities

​

  

7,760

 

  

35,842

​

  

—

​

  

43,602

Securities issued or secured by other financial entities

​

  

36,747

 

  

106,807

​

  

—

​

  

143,554

Others

​

  

35,492

 

  

128,113

​

  

—

​

  

163,605

​

​

Ps.

4,254,785

 

Ps.

858,024

​

Ps.

—

​

Ps.

5,112,809

Pledged as collateral in operations with derivative instruments

​

  

  

 

  

  

​

  

  

​

  

  

Securities issued or secured by Colombian Government

​

  

—

 

  

10,247

​

  

—

​

  

10,247

​

​

Ps.

—

 

Ps.

10,247

​

Ps.

—

​

Ps.

10,247

Pledged as collateral to special entities such as CRCC, BR and BVC (*)

​

  

  

 

  

  

​

  

  

​

  

  

Securities issued or secured by Colombian Government

​

  

552,083

 

  

63,016

​

  

—

​

  

615,099

​

​

Ps.

552,083

 

Ps.

63,016

​

Ps.

—

​

Ps.

615,099

​

​

Ps.

4,806,868

 

Ps.

931,287

​

Ps.

—

​

Ps.

5,738,155

(*) Cámara de Riesgo Central de Contraparte (“CRCC”), Banco de la República (“BR”) and Bolsa de Valores de Colombia (“BVC”)

Disclosure of Detailed Information About Sensitivity Analysis of Changes on Assumptions Related to Investments Classified as Equity Instruments at FVOCI [Text Block]

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Favorable

    

Unfavorable

Methods and Variables

    

Variation

    

impact 

    

impact

Comparable multiples / Recent transaction price

​

​

​

​

​

​

​

​

EBITDA Number of times

 

+/-1 x

 

Ps.

246,938

 

Ps.

(967,707)

Adjusted net Asset Value

​

​

​

​

​

​

​

​

Current financial assets

​

+/-5%

​

​

50

​

​

(50)

Adjusted discounted cash flow

​

​

​

​

​

​

​

​

Growth in residual values after 5 years

 

+/-1%

 

​

7,508

 

​

(16,247)

Income

 

+/-1%

 

​

67,645

 

​

(73,742)

Discount interest rates

 

+/- 50 bps

 

​

48,141

 

​

(59,605)

​

​

​

 

Ps.

370,282

 

Ps.

(1,117,351)

​

​

Disclosure of detailed information about sensitivity analysis of the assumptions used by Promigas and its subsidiaries in the calculation of fair value of unconditional transfer rights of gas pipelines to Government entities [Text Block]

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2021

​

December 31, 2020

Variable

    

+100 bps

    

-100 bps

    

+100 bps

    

-100 bps

WACC

 

Ps.

(788,000)

​

Ps.

1,232,537

​

Ps.

(675,517)

​

Ps.

1,029,057

Perpetuity growth rate

​

​

700,340

​

​

(483,643)

​

​

596,031

​

​

(420,953)

Disclosure of detailed information about transfer of fair value between level 1 and 2

December 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

Investments in debt 

​

Investments in debt 

​

​

securities at FVTPL

​

securities at FVOCI

​

​

Transfers between:

​

Transfers between:

​

    

Level 2 to 1

    

Level 1 to 2

    

Level 2 to 1

    

Level 1 to 2

Securities issued or secured by Colombian Government

 

Ps.

—

 

Ps.

—

 

Ps.

—

 

Ps.

813,196

Securities issued or secured by other Colombian Government entities

​

​

—

​

​

—

​

​

—

​

​

193,459

Securities issued or secured by other financial entities

​

​

—

​

​

—

​

​

—

​

​

54,873

Others

​

​

—

​

​

—

​

​

16,446

​

​

—

​

 

Ps.

—

 

Ps.

—

​

Ps.

16,446

 

Ps.

1,061,528

​

December 31, 2020

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Investments in debt 

​

Investments in debt 

​

​

securities at FVTPL

​

securities at FVOCI

​

​

Transfers between:

​

Transfers between:

​

    

Level 2 to 1

    

Level 1 to 2

    

Level 2 to 1

    

Level 1 to 2

Securities issued or secured by Colombian Government

 

Ps.

64,374

  

Ps.

—

 

Ps.

685,075

 

Ps.

—

​

 

Ps.

64,374

​

Ps.

—

 

Ps.

685,075

​

Ps.

—

​

Disclosure of detailed information about Changes in Level 3 Fair-Value Category [Text Block]

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Financial assets

    

​

​

    

Financial assets in

    

​

​

    

​

​

​

​

in debt

​

Equity

​

concession

​

Biological

​

Investment

​

​

securities

​

instruments

​

arrangements

​

assets

​

properties

January 1, 2019

 

Ps.

13,733

 

Ps.

560,313

 

Ps.

2,488,414

 

Ps.

84,206

 

Ps.

836,324

Valuation adjustment with an effect on income

 

  

(3,018)

 

  

18,721

 

  

217,616

 

  

18,914

​

​

19,597

Valuation adjustments with an effect on OCI

 

  

—

 

  

3,101

 

  

—

 

  

—

​

​

5,288

Transfers to non-current assets held for sale

 

  

—

 

  

—

 

  

—

 

  

—

​

​

21,722

Reclassification

 

  

—

 

  

—

 

​

—

 

  

—

​

​

(2,078)

Additions

 

  

—

 

  

238

 

​

—

 

  

20,559

​

​

116,702

Sales / redemptions

 

​

(613)

 

​

(74)

 

Ps.

—

 

  

(18,822)

​

​

(68,989)

December 31, 2019

 

Ps.

10,102

 

Ps.

582,299

 

Ps.

2,706,030

 

Ps.

104,857

 

Ps.

928,566

Valuation adjustment with an effect on income

 

  

(1,390)

 

  

313,139

 

  

252,355

​

  

15,021

​

​

(46,924)

Valuation adjustments with an effect on OCI

 

  

(1,772)

 

  

6,960

 

  

—

​

  

—

​

​

9,014

Transfers from non-current assets held for sale

 

  

—

 

  

—

 

  

—

​

  

—

​

​

4,323

Reclassification

 

  

—

 

  

108

 

  

—

​

  

—

​

​

11,685

Business combination

​

​

—

​

​

—

​

​

—

​

​

—

​

​

10,164

Effect of movements in exchange rates

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(700)

Additions

 

  

99,094

 

(*)

257,457

 

  

—

​

  

21,285

​

​

37,533

Sales / redemptions

 

​

(10,685)

 

​

—

 

​

—

​

  

(18,488)

​

​

(145,105)

December 31, 2020

 

Ps.

95,349

 

Ps.

1,159,963

 

Ps.

2,958,385

 

Ps.

122,675

 

Ps.

808,556

Valuation adjustment with an effect on income

 

  

4,222

 

  

177,310

 

  

270,095

 

  

28,546

​

​

22,775

Valuation adjustments with an effect on OCI

 

  

85,096

 

  

(6,431)

 

  

—

 

  

—

​

​

7,991

Transfers from non-current assets held for sale

 

  

—

 

  

—

 

  

—

 

  

—

​

​

22,847

Reclassification

 

  

—

 

  

—

 

  

—

 

  

—

​

​

4,490

Effect of movements in exchange rates

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,964

Additions

 

  

—

 

​

3,553

​

  

—

 

  

27,213

​

​

77,157

Sales / redemptions

 

  

(95,846)

 

  

(15,665)

 

  

—

 

  

(23,448)

​

​

(93,845)

Transfers from level 2 to level 3

​

​

—

​

​

73,859

​

​

—

​

​

—

​

​

—

Transfers from level 3 to level 2

​

​

—

​

​

(35,425)

​

​

—

​

​

—

​

​

—

December 31, 2021

 

Ps.

88,821

 

Ps.

1,357,164

 

Ps.

3,228,480

 

Ps.

154,986

 

Ps.

852,935

(*)    For 12 Months ended as of December 31, 2020 this addition of Ps.257,457 corresponds to: The initial value of the Private Equity Fund Nexus Inmobiliario del Banco de Occidente and Fiduciaria de Occidente for Ps.250,768 and Ps.6,689 refers to new investments in instruments of equity held for trading (shares) of Multibank.

​

Disclosure of detailed information about financial assets and liabilities accounted at amortized cost and valued at fair value only for purposes of this disclosure [Text Block]

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2021

​

December 31, 2020

​

​

Carrying

​

Fair Value

​

Carrying

​

Fair Value

​

​

Amount

​

Estimate

​

Amount

​

Estimate

Assets

 

  

  

 

  

  

 

  

  

 

  

  

Investments in debt securities at amortized cost (1)

 

Ps.

5,775,070

 

Ps.

5,711,378

 

Ps.

5,580,128

 

Ps.

5,559,263

Credit portfolio at amortized cost (2)

 

  

220,297,825

 

  

222,142,713

 

  

195,541,994

 

  

203,901,379

Total financial assets

 

Ps.

226,072,895

 

Ps.

227,854,091

 

Ps.

201,122,122

 

Ps.

209,460,642

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

 

  

  

 

  

  

 

  

  

 

  

  

Customer deposits (3)

 

Ps.

234,470,422

 

Ps.

235,505,912

 

Ps.

211,841,597

 

Ps.

216,035,503

Financial obligations (4)

 

  

73,282,326

 

  

72,891,434

 

  

58,624,766

 

  

60,181,205

Total financial liabilities

 

Ps.

307,752,748

 

Ps.

308,397,346

 

Ps.

270,466,363

 

Ps.

276,216,708

(1) Financial assets at amortized cost

Fair value of fixed income investments at amortized cost was determined using the dirty price given by the price supplier, securities in an active market and with a market price for the day of the valuation are classified as level 1; securities with no active market and/or with an estimated price (present value of the flows of a security, discounted with the reference rate and the corresponding margin) given by the supplier are classified as level 2 and level 3.

​

(2) Credit portfolio at amortized cost

For credit portfolio at amortized cost, the fair value was determined using discounted cash flows models at the interest rates offered by banks for granting new loans, taking into account the credit risk and its maturity; the process of valuation is deemed as level 3.

Accounts receivable and payable are classified as short-term assets and liabilities; in consequence, their fair value is similar to their book value.

​

(3) Customer deposits

The fair value of demand deposits is equal to their carrying value. For fixed-term deposits with maturities of less than 180 days, their fair value is deemed equal to their carrying value. For fixed-term deposits with maturities of more than 180 days, their fair value was estimated using the carrying discounted cash flow models and the interest rates offered by banks in accordance with their maturity. This is considered as a level 2 valuation.

​

(4) Financial obligations

For financial liabilities and other short-term liabilities, the carrying value was considered to be similar to its fair value. The fair value of long-term financial liabilities was determined using the discounted cash flow model at interest rates free of risk adjusted by risk premiums of each entity. The fair value of outstanding bonds is determined according to quoted prices or estimated prices supplied by the price vendor. It is considered that this is a level 2 valuation.