XML 356 R3.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statement of Income - COP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income calculated using the effective interest method      
Loan portfolio $ 26,534,115 $ 17,559,516 $ 11,882,144
Investments in debt securities 2,385,289 1,843,516 909,265
Total interest income 28,919,404 19,403,032 12,791,409
Interest expense      
Deposits (16,214,226) (7,756,432) (2,637,945)
Financial obligations (6,418,204) (3,907,963) (2,022,885)
Total interest expense (22,632,430) (11,664,395) (4,660,830)
Net interest income 6,286,974 7,738,637 8,130,579
Impairment (losses) recoveries on financial assets      
Loans and other accounts receivable (4,751,039) (3,120,403) (3,192,335)
Other financial assets 12,871 (16,723) (660)
Recovery of charged-off financial assets 555,774 643,978 471,912
Net impairment loss on financial assets (4,182,394) (2,493,148) (2,721,083)
Net interest income, after impairment losses 2,104,580 5,245,489 5,409,496
Income from commissions and fees 4,356,336 3,874,439 3,795,929
Expenses from commissions and fees (1,003,813) (970,676) (731,742)
Net income from commissions and fees 3,352,523 2,903,763 3,064,187
Income from sales of goods and services 11,223,556 12,141,327 10,450,914
Costs and expenses of sales goods and services (8,005,597) (7,596,231) (7,351,979)
Gross profit from sales of goods and services 3,217,959 4,545,096 3,098,935
Net trading (loss) income (916,049) 1,559,626 922,281
Net income from other financial instruments mandatorily at FVTPL 323,685 278,751 270,095
Other income 3,751,306 (848,571) 389,680
Other expenses (8,346,454) (7,409,783) (6,790,056)
Net income before tax expense 3,487,550 6,274,371 6,364,618
Income tax expense (1,310,434) (2,271,404) (2,323,428)
Net income from continuing operations 2,177,116 4,002,967 4,041,190
Net income from discontinued operations, net of tax   866,166 1,627,312
Net income for the year 2,177,116 4,869,133 5,668,502
Net income for the year attributable to:      
Net income attributable to owners of the parent - Net income for the period from continuing operations 739,003 1,888,895 2,179,180
Net income attributable to owners of the parent - Net income for the period from discontinued operations, net of tax   593,990 1,118,556
Net income attributable to owners of the parent - Owners of the parent 739,003 2,482,885 3,297,736
Net income attributable to non-controlling interests - Net income for the period from continuing operations 1,438,113 2,114,072 1,862,010
Net income attributable to non-controlling interests - Net income for the period from discontinued operations, net of tax   272,176 508,756
Net income attributable to non-controlling interests - Non-controlling interests 1,438,113 2,386,248 2,370,766
Net income for the year $ 2,177,116 $ 4,869,133 $ 5,668,502
Net income per share basic (in Colombian pesos, see note 25) $ 31.12 $ 107.29 $ 148.01
Net income per share diluted (in Colombian pesos, see note 25) $ 31.12 $ 107.29 $ 148.01