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ANALYSIS OF OPERATING SEGMENTS - Statement of income (Details) - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income      
Interest income $ 28,919,404 $ 19,403,032 $ 12,791,409
Income from commissions and fees 4,356,336 3,874,439 3,795,929
Income from sales of goods and services 11,223,556 12,141,327 10,450,914
Share of profit of equity accounted investees, net of tax 371,397 372,777 300,217
Dividends 126,274 119,888 153,969
Net income from other financial instruments mandatorily at fair value through profit or loss 323,685 278,751 270,095
Net trading income (916,049) 1,559,626 922,281
Foreign exchange gain (loss), net 2,253,925 (1,825,718) (491,415)
Other income 999,710 484,482 426,909
Discontinued operations   866,166 10,444,185
Total external income 47,658,238 37,274,770 39,064,493
Expenses      
Interest expense (22,632,430) (11,664,395) (4,660,830)
Net impairment loss on financial assets (4,182,394) (2,493,148) (2,721,083)
Depreciation and amortization (670,491) (645,746) (606,867)
Expenses from commissions and fees (1,003,813) (970,676) (731,742)
Costs and expenses of sales goods and services (8,005,597) (7,596,231) (7,351,979)
Personnel expenses (3,055,168) (2,833,794) (2,634,187)
Administrative expenses (4,367,002) (3,703,599) (3,209,607)
Income tax expense (1,310,434) (2,271,404) (2,323,428)
Other expense (253,793) (226,644) (339,395)
Discontinued operations     (8,816,873)
Total Expenses (45,481,122) (32,405,637) (33,395,991)
Net income for the year 2,177,116 4,869,133 5,668,502
Net gain on sale of debt and equity securities 108,773 (134,699) 83,640
Gain on the sale of non-current assets held for sale 48,589 10,487 13,631
Net gain in asset valuation 74,886 50,463 20,974
Other operating income 767,462 558,231 308,664
Loss from sale of non-current assets held for sale (595) (800) (2,927)
Other operating expenses (253,198) (225,844) (336,468)
Banking Services      
Income      
Interest income 27,293,337 18,321,381 12,304,916
Income from commissions and fees 3,243,740 2,865,336 2,506,789
Income from sales of goods and services 107,864 88,093 85,268
Share of profit of equity accounted investees, net of tax 41,277 41,904 25,486
Dividends 11,252 17,696 11,551
Net trading income (1,245,312) 1,207,099 490,743
Foreign exchange gain (loss), net 1,575,043 (1,286,774) (189,065)
Other income 817,906 583,001 411,634
Discontinued operations   455,908  
Total external income 31,845,107 22,293,644 15,647,322
Expenses      
Interest expense (19,260,207) (9,602,059) (3,745,070)
Net impairment loss on financial assets (4,170,048) (2,447,198) (2,714,672)
Depreciation and amortization (639,717) (620,298) (585,650)
Expenses from commissions and fees (910,751) (767,204) (625,788)
Costs and expenses of sales goods and services (443,840) (487,142) (479,775)
Personnel expenses (2,672,717) (2,493,399) (2,331,813)
Administrative expenses (4,185,245) (3,569,706) (3,131,934)
Income tax expense 184,941 (405,748) (601,377)
Other expense (212,354) (178,160) (98,699)
Total Expenses (32,309,938) (20,570,914) (14,314,778)
Net income for the year 827,173 2,910,450 5,298,672
Merchant Banking      
Income      
Interest income 1,149,086 723,488 441,586
Income from commissions and fees 134,252 127,609 94,244
Income from sales of goods and services 11,069,075 11,986,518 10,309,563
Share of profit of equity accounted investees, net of tax 326,328 326,448 272,646
Dividends 115,022 102,192 142,418
Net income from other financial instruments mandatorily at fair value through profit or loss 323,685 278,751 270,095
Net trading income 34,383 388,350 207,794
Foreign exchange gain (loss), net 692,134 (483,627) (243,430)
Other income 153,118 (98,871) 15,705
Total external income 13,997,083 13,350,858 11,510,621
Expenses      
Interest expense (3,471,779) (2,030,256) (1,028,343)
Net impairment loss on financial assets (28,175) (14,266) (9,177)
Depreciation and amortization (14,028) (11,492) (9,434)
Expenses from commissions and fees (16,104) (17,175) (13,587)
Costs and expenses of sales goods and services (7,498,858) (7,059,820) (6,830,460)
Personnel expenses (147,303) (123,104) (107,959)
Administrative expenses (178,885) (126,670) (100,585)
Income tax expense (1,268,268) (1,753,733) (1,476,571)
Other expense (8,459) (28,251) (112,146)
Total Expenses (12,631,859) (11,164,767) (9,688,262)
Net income for the year 1,530,167 2,301,398 1,849,023
Pension and Severance Fund Management      
Income      
Interest income 117,076 98,302 44,907
Income from commissions and fees 978,344 881,494 1,194,305
Income from sales of goods and services 46,617 66,716 56,083
Net trading income 294,784 (35,975) 223,745
Foreign exchange gain (loss), net (11,757) (54,771) (59,150)
Other income 28,419 (738) (1,297)
Total external income 1,453,483 955,028 1,458,593
Expenses      
Interest expense (56,927) (63,207) (40,247)
Net impairment loss on financial assets 1,965 (7,782) (6,943)
Depreciation and amortization (16,786) (14,486) (15,637)
Expenses from commissions and fees (104,773) (193,124) (131,503)
Costs and expenses of sales goods and services (79,794) (63,049)  
Personnel expenses (195,469) (168,450) (172,539)
Administrative expenses (259,331) (195,071) (232,314)
Income tax expense (172,943) (92,993) (191,886)
Other expense (32,721) (19,152) (105,961)
Total Expenses (916,779) (817,314) (897,030)
Net income for the year 560,209 155,194 580,203
Holding      
Income      
Interest income 359,905 259,861  
Income from commissions and fees     591
Share of profit of equity accounted investees, net of tax 3,792 4,425 2,085
Net trading income 96 152 (1)
Foreign exchange gain (loss), net (1,495) (546) 230
Other income 267 1,090 867
Discontinued operations   (134,632)  
Total external income 362,565 130,350 3,772
Expenses      
Interest expense (519,869) (517,383) (443,209)
Net impairment loss on financial assets 12,578 (23,840)  
Depreciation and amortization (1,736) (1,766) (1,811)
Expenses from commissions and fees (430) (19,992) (563)
Personnel expenses (39,779) (48,933) (37,293)
Administrative expenses (67,494) (116,899) (99,532)
Income tax expense (56,966) (18,802) (53,555)
Other expense 82,111 (1,185) (439)
Total Expenses (591,585) (748,800) (636,402)
Net income for the year 738,800 2,349,674 3,503,127
BAC Holding International Corp      
Income      
Discontinued operations   544,890 10,444,185
Total external income   544,890 10,444,185
Expenses      
Discontinued operations     (8,816,873)
Total Expenses     (8,816,873)
Net income for the year   544,890 1,691,418
Operating segments [member] | Banking Services      
Income      
Total external income 33,137,111 23,481,364 19,613,450
Operating segments [member] | Merchant Banking      
Income      
Total external income 14,162,026 13,466,165 11,537,285
Operating segments [member] | Pension and Severance Fund Management      
Income      
Total external income 1,476,988 972,508 1,477,233
Operating segments [member] | Holding      
Income      
Total external income 1,330,385 3,098,474 4,139,529
Operating segments [member] | BAC Holding International Corp      
Income      
Total external income   544,890 10,508,291
Elimination of intersegment amounts [member]      
Income      
Interest income (569,696) (530,837) (593,536)
Income from commissions and fees (324,001) (312,089) (309,178)
Income from sales of goods and services (42,541) (32,401) (26,818)
Share of profit of equity accounted investees, net of tax (1,473,062) (2,800,365) (4,270,858)
Dividends (1,902) (2,174) (2,306)
Net trading income (7,597) 2,026 4,345
Foreign exchange gain (loss), net     250
Gain on deconsolidation (loss of control) of subsidiaries     (1,303,024)
Other income (29,473) (16,143) (18,752)
Discontinued operations   (596,648) (1,691,418)
Total external income (2,448,272) (4,288,631) (8,211,295)
Expenses      
Interest expense 676,352 548,510 596,039
Net impairment loss on financial assets 1,286 (62) 9,709
Depreciation and amortization 1,776 2,296 5,665
Expenses from commissions and fees 28,245 26,819 39,699
Costs and expenses of sales goods and services 16,895 13,780 (41,744)
Personnel expenses 100 92 15,417
Administrative expenses 323,953 304,747 354,758
Income tax expense 2,802 (128) (39)
Other expense (82,370) 104 (22,150)
Total Expenses 969,039 896,158 957,354
Net income for the year (1,479,233) (3,392,473) (7,253,941)
Elimination of intersegment amounts [member] | Banking Services      
Income      
Interest income 376,228 240,317 120,669
Income from commissions and fees 29,127 23,981 20,209
Income from sales of goods and services 2,324 26,225 19,768
Share of profit of equity accounted investees, net of tax 830,683 884,067 862,945
Dividends 453 298 267
Net trading income 80   (2,040)
Gain on deconsolidation (loss of control) of subsidiaries     1,303,024
Other income 53,109 12,832 13,974
Discontinued operations     1,627,312
Total external income 1,292,004 1,187,720 3,966,128
Elimination of intersegment amounts [member] | Merchant Banking      
Income      
Interest income 158,256 110,250 22,353
Income from commissions and fees 1,979 1,502 1,821
Income from sales of goods and services 1,844 1,603 933
Share of profit of equity accounted investees, net of tax (341) 427 1,139
Dividends 1,449 1,876 2,039
Net trading income 2,202 (387) (318)
Foreign exchange gain (loss), net     (250)
Other income (446) 36 (1,053)
Total external income 164,943 115,307 26,664
Elimination of intersegment amounts [member] | Pension and Severance Fund Management      
Income      
Interest income 3,588 7,958 5,308
Income from commissions and fees 254 3,682 3,508
Income from sales of goods and services 38,373 4,573 6,117
Net trading income 5,315 (1,639) (1,987)
Other income (24,025) 2,906 5,694
Total external income 23,505 17,480 18,640
Elimination of intersegment amounts [member] | Holding      
Income      
Interest income 31,624 172,312 445,206
Income from commissions and fees 292,641 282,924 283,640
Share of profit of equity accounted investees, net of tax 642,720 1,915,871 3,406,774
Other income 835 369 137
Discontinued operations   596,648  
Total external income $ 967,820 $ 2,968,124 4,135,757
Elimination of intersegment amounts [member] | BAC Holding International Corp      
Income      
Discontinued operations     64,106
Total external income     $ 64,106