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GOODWILL (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Disclosure of reconciliation of changes in goodwill [line items] |
Schedule of movement of the goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
Balance at the beginning of the year |  | Ps. | 2,248,217 |  | Ps. | 8,486,560
Impairment charge | ​ | ​ | (10,000) | ​ | ​ | (12,257)
Loss of control in subsidiary (1) | ​ | ​ | — | ​ | ​ | (5,902,410)
Effect of movements in exchange rates (2)(3) |  |  | (35,995) |  | ​ | (323,676)
Balance at the end of the year |  | Ps. | 2,202,222 |  | Ps. | 2,248,217
​
| (1) | See note 1.1. (A), "Discontinued operations of BAC Holding".
| (2) | The foreign exchange adjustment is attributable to Multifinancial Group Inc. for Ps. (35,995) in 2023 and Ps. 30,200 in 2022.
| (3) | Includes the effect of exchange rates for the discontinued operation of BAC Holding International Corp. for Ps. (353,876) in 2022.
​
Schedule of goodwill assigned per Cash Generating Units (CGU) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill carrying amount
​ |  | December 31, |  | December 31,
CGU | ​ | 2023 | ​ | 2022
Sociedad Administradora de Pensiones y Cesantías Porvenir S.A. |  | Ps. | 538,231 |  | Ps. | 538,231
Banco de Bogotá S.A. over Megabanco (1) |  |  | 465,905 |  | ​ | 465,905
Banco Popular S.A. |  |  | 358,401 |  | ​ | 358,401
Banco de Bogotá S.A. |  |  | 301,222 |  | ​ | 301,222
Banco de Bogotá S.A. over Multi Financial Group Inc. (2) | ​ | ​ | 139,226 | ​ | ​ | 175,221
Promigas S.A. and Subsidiaries |  |  | 169,687 |  | ​ | 169,687
Banco de Occidente S.A. |  |  | 127,571 |  | ​ | 127,571
Concesionaria Panamericana S.A.S. |  |  | 72,594 |  | ​ | 82,594
Banco de Occidente S.A. over Banco Unión (1) |  |  | 22,724 |  | ​ | 22,724
Hoteles Estelar S.A. |  |  | 6,661 |  | ​ | 6,661
​ |  | Ps. | 2,202,222 | ​ | Ps. | 2,248,217
​
(1) | G ood will recognized as a result of mergers between Banco de Bogotá with Megabanco and Banco de Occidente with Banco Unión.
(2) | The variation presented corresponds to the foreign exchange adjustment attributable to Multi Financial Group Inc.
​
Sociedad Administradora de Fondos de Pensiones y Cesantias Porvenir S.A. |
Disclosure of reconciliation of changes in goodwill [line items] |
Summary of main assumptions used in the impairment test reports taken as the basis for impairment testing | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023
​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 | ​
Interest rate on investments |  | 8.3 | % | 6.4 | % | 6.2 | % | 6.1 | % | 6.0 | %
Borrowing rate |  | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | %
Growth in income from commissions |  | 0.8 | % | 48.5 | % | 3.3 | % | 4.9 | % | 6.1 | %
Growth in expenses |  | 7.7 | % | 12.4 | % | 7.1 | % | 5.4 | % | 5.0 | %
Inflation |  | 5.8 | % | 3.5 | % | 3.2 | % | 3.1 | % | 3.1 | %
Discount interest rate after taxes |  | 14.2 | % | 11.5 | % | 10.2 | % | 9.1 | % | 9.1 | %
Growth rate after thirteen years |  | 3.1 | % |  |  |  |  |  |  |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022
​ |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 | ​
Interest rate on investments |  | 7.7 | % | 4.5 | % | 4.9 | % | 4.9 | % | 4.9 | %
Borrowing rate |  | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | %
Growth in income from commissions |  | (6.4) | % | 55.6 | % | 2.5 | % | 2.3 | % | 4.6 | %
Growth in expenses |  | (5.3) | % | 11.4 | % | 7.2 | % | 4.9 | % | 4.5 | %
Inflation |  | 7.4 | % | 2.7 | % | 2.9 | % | 2.9 | % | 2.9 | %
Discount interest rate after taxes |  | 14.4 | % | 9.5 | % | 9.0 | % | 8.2 | % | 8.1 | %
Growth rate after thirteen years |  | 2.9 | % |  |  |  |  |  |  |  | ​
Banco de Bogota S.A. over Megabanco |
Disclosure of reconciliation of changes in goodwill [line items] |
Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023
​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 | ​
Lending rate on the loan portfolio and investments |  | 12.1 | % | 10.8 | % | 10.2 | % | 10.0 | % | 9.8 | %
Borrowing rate |  | 7.1 | % | 5.5 | % | 4.9 | % | 4.7 | % | 4.5 | %
Growth in income from commissions |  | 16.0 | % | 14.7 | % | 14.1 | % | 11.3 | % | 11.2 | %
Growth in expenses |  | 11.7 | % | 8.3 | % | 7.9 | % | 6.2 | % | 5.6 | %
Inflation |  | 5.8 | % | 3.5 | % | 3.2 | % | 3.1 | % | 3.1 | %
Discount rate after taxes |  | 16.5 | % | 13.7 | % | 12.4 | % | 11.3 | % | 11.6 | %
Growth rate after five years |  | 6.5 | % |  |  |  |  |  |  |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022
​ |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 | ​
Lending rate on the loan portfolio and investments |  | 12.3 | % | 11.2 | % | 10.5 | % | 10.4 | % | 10.2 | %
Borrowing rate |  | 6.9 | % | 5.4 | % | 4.6 | % | 4.5 | % | 4.5 | %
Growth in income from commissions |  | 15.4 | % | 10.8 | % | 14.9 | % | 15.3 | % | 15.3 | %
Growth in expenses |  | 14.6 | % | 8.2 | % | 8.2 | % | 8.2 | % | 8.2 | %
Inflation |  | 7.4 | % | 2.7 | % | 2.9 | % | 2.9 | % | 2.9 | %
Discount rate after taxes |  | 17.6 | % | 12.6 | % | 11.8 | % | 10.9 | % | 10.7 | %
Growth rate after five years |  | 6.4 | % |  |  |  |  |  |  |  | ​
Banco Popular S.A. |
Disclosure of reconciliation of changes in goodwill [line items] |
Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023
​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 | ​
Lending rate on the loan portfolio and investments |  | 12.5 | % | 12.3 | % | 12.0 | % | 11.6 | % | 10.9 | %
Borrowing rate |  | 8.2 | % | 6.1 | % | 5.2 | % | 4.7 | % | 4.1 | %
Growth in income from commissions |  | 6.8 | % | 3.4 | % | 16.5 | % | 6.8 | % | 6.5 | %
Growth in expenses |  | 8.3 | % | (13.2) | % | 1.5 | % | 7.7 | % | 7.5 | %
Inflation |  | 7.2 | % | 3.8 | % | 3.0 | % | 3.0 | % | 3.0 | %
Discount rate after taxes |  | 17.3 | % | 13.6 | % | 12.0 | % | 11.4 | % | 11.6 | %
Growth rate after five years |  | 6.0 | % |  |  |  |  |  |  |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022
​ |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 | ​
Lending rate on the loan portfolio and investments |  | 12.9 | % | 12.6 | % | 10.9 | % | 10.9 | % | 10.9 | %
Borrowing rate |  | 9.2 | % | 7.4 | % | 5.8 | % | 5.2 | % | 4.8 | %
Growth in income from commissions |  | 6.1 | % | 11.4 | % | 16.7 | % | 11.3 | % | 8.4 | %
Growth in expenses |  | 13.2 | % | 6.6 | % | 7.5 | % | 7.6 | % | 6.8 | %
Inflation |  | 7.4 | % | 2.7 | % | 2.9 | % | 2.9 | % | 2.9 | %
Discount rate after taxes |  | 17.6 | % | 12.6 | % | 11.8 | % | 10.9 | % | 10.7 | %
Growth rate after five years |  | 6.4 | % |  |  |  |  |  |  |  | ​
Banco de Bogota S.A. |
Disclosure of reconciliation of changes in goodwill [line items] |
Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023
​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 | ​
Lending rate on the loan portfolio and investments |  | 12.9 | % | 11.2 | % | 10.5 | % | 10.3 | % | 10.1 | %
Borrowing rate |  | 7.2 | % | 5.6 | % | 4.9 | % | 4.7 | % | 4.6 | %
Growth in income from commissions |  | (3.4) | % | 14.2 | % | 14.3 | % | 11.7 | % | 11.0 | %
Growth in expenses |  | 9.5 | % | 8.7 | % | 8.4 | % | 6.9 | % | 5.1 | %
Inflation |  | 7.2 | % | 3.8 | % | 3.0 | % | 3.0 | % | 3.0 | %
Discount rate after taxes |  | 17.3 | % | 13.6 | % | 12.1 | % | 11.4 | % | 11.7 | %
Growth rate after five years |  | 6.0 | % |  |  |  |  |  |  |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022
​ |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 | ​
Lending rate on the loan portfolio and investments |  | 12.9 | % | 11.7 | % | 11.0 | % | 10.8 | % | 10.6 | %
Borrowing rate |  | 6.9 | % | 5.3 | % | 4.6 | % | 4.6 | % | 4.5 | %
Growth in income from commissions |  | 16.7 | % | 11.5 | % | 13.8 | % | 14.4 | % | 13.7 | %
Growth in expenses |  | 15.9 | % | 9.8 | % | 9.8 | % | 9.7 | % | 6.0 | %
Inflation |  | 7.4 | % | 2.7 | % | 2.9 | % | 2.9 | % | 2.9 | %
Discount rate after taxes |  | 17.6 | % | 12.6 | % | 11.8 | % | 10.9 | % | 10.7 | %
Growth rate after five years |  | 6.4 | % |  |  |  |  |  |  |  | ​
Multi Financial Group Inc [member] |
Disclosure of reconciliation of changes in goodwill [line items] |
Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023
​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 | ​
Lending rate on the loan portfolio and investments |  | 6.9 | % | 6.9 | % | 6.9 | % | 6.9 | % | 6.9 | %
Borrowing rate |  | 4.8 | % | 4.4 | % | 4.3 | % | 4.2 | % | 4.2 | %
Growth in income from commissions |  | (22.0) | % | 8.6 | % | 12.6 | % | 11.7 | % | 11.9 | %
Growth in expenses |  | (1.6) | % | 2.1 | % | 1.4 | % | 2.6 | % | 3.0 | %
Discount rate after taxes |  | 11.3 | % |  |  |  |  |  |  |  | ​
Growth rate after ten years |  | 5.6 | % |  |  |  |  |  |  |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022
​ |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 | ​
Lending rate on the loan portfolio and investments |  | 6.4 | % | 6.6 | % | 6.8 | % | 6.9 | % | 7.0 | %
Borrowing rate |  | 4.0 | % | 4.0 | % | 4.0 | % | 4.1 | % | 4.1 | %
Growth in income from commissions |  | 9.4 | % | 7.2 | % | 8.9 | % | 9.4 | % | 8.7 | %
Growth in expenses |  | 4.5 | % | 3.0 | % | 2.8 | % | 1.9 | % | 3.1 | %
Discount rate after taxes |  | 10.6 | % |  |  |  |  |  |  |  | ​
Growth rate after ten years |  | 4.0 | % |  |  |  |  |  |  |  | ​

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