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ESTIMATION OF FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of estimations of fair value [abstract]

Disclosure Of Fair Value Measurement Of Assets And Liabilities [Text Block]

December 31, 2023

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Level 1			Level 2			Level 3			Total
Assets	​	​		​	​		​	​		​	​
​	​	​	​	​	​	​	​	​	​	​	​	​
Trading investments	​	​		​	​		​	​		​	​
Securities issued or secured by Colombian Government	​	Ps.	5,692,937	​	Ps.	101,895	​	Ps.	—	​	Ps.	5,794,832
Securities issued or secured by other Colombian Government entities	​	​	—	​	​	155,737	​	​	—	​	​	155,737
Securities issued or secured by foreign Governments	​	​	382	​	​	31,697	​	​	—	​	​	32,079
Securities issued or secured by other financial entities	​	​	—	​	​	1,084,461	​	​	—	​	​	1,084,461
Securities issued or secured by non-financial sector entities	​	​	—	​	​	6,406	​	​	—	​	​	6,406
Others	​	​	—	​	​	39,865	​	​	—	​	​	39,865
Total trading investments	​	Ps.	5,693,319	​	Ps.	1,420,061	​	Ps.	—	​	Ps.	7,113,380
Investments in debt securities at fair value through profit or loss	​	​		​	​		​	​		​	​
Others	​	​	—	​	​	—	​	​	1,889	​	​	1,889
Total investments in debt securities at fair value through profit or loss	​	Ps.	5,693,319	​	Ps.	1,420,061	​	Ps.	1,889	​	Ps.	7,115,269
Investments in debt securities at fair value through OCI	​	​		​	​		​	​		​	​
Securities issued or secured by Colombian Government	​	Ps.	14,223,066	​	Ps.	2,567,727	​	Ps.	—	​	Ps.	16,790,793
Securities issued or secured by other Colombian Government entities	​	​	538,200	​	​	325,588	​	​	—	​	​	863,788
Securities issued or secured by foreign Governments	​	​	1,141,875	​	​	1,365,163	​	​	—	​	​	2,507,038

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Level 1			Level 2			Level 3			Total
Securities issued or secured by central banks	​	​	—	​	​	145,489	​	​	—	​	​	145,489
Securities issued or secured by other financial entities	​	​	—	​	​	2,142,647	​	​	—	​	​	2,142,647
Securities issued or secured by non-financial sector entities	​	​	—	​	​	214,571	​	​	—	​	​	214,571
Others	​	​	1,457	​	​	660,993	​	​	—	​	​	662,450
Total investments in debt securities at fair value through OCI	​	Ps.	15,904,598	​	Ps.	7,422,178	​	Ps.	—	​	Ps.	23,326,776
Total investments in debt securities	​	Ps.	21,597,917	​	Ps.	8,842,239	​	Ps.	1,889	​	Ps.	30,442,045
​	​	​	​	​	​	​	​	​	​	​	​	​
Equity securities	​	​		​	​		​	​		​	​
Trading equity securities	​	Ps.	8,949	​	Ps.	3,605,832	​	Ps.	2,645,393	​	Ps.	6,260,174
Investments in equity through OCI	​	​	992,136	​	​	380	​	​	124,833	​	​	1,117,349
Total equity securities	​	Ps.	1,001,085	​	Ps.	3,606,212	​	Ps.	2,770,226	​	Ps.	7,377,523
​	​	​	​	​	​	​	​	​	​	​	​	​
Held for trading derivatives	​	​		​	​		​	​		​	​
Currency forward	​	Ps.	—	​	Ps.	1,666,852	​	Ps.	—	​	Ps.	1,666,852
Debt securities forward	​	​	—	​	​	19,258	​	​	—	​	​	19,258
Interest rate swap	​	​	212	​	​	308,156	​	​	—	​	​	308,368
Currency swap	​	​	—	​	​	20,195	​	​	—	​	​	20,195
Currency options	​	​	—	​	​	62,894	​	​	—	​	​	62,894
Total held for trading derivatives	​	Ps.	212	​	Ps.	2,077,355	​	Ps.	—	​	Ps.	2,077,567
Hedging derivatives	​	​		​	​		​	​		​	​
Currency forward	​	​	—	​	​	687	​	​	—	​	​	687
Interest rate swap	​	​	—	​	​	47,975	​	​	—	​	​	47,975
Total hedging derivatives	​	Ps.	—	​	Ps.	48,662	​	Ps.	—	​	Ps.	48,662
Other account receivables	​	​		​	​		​	​		​	​
Financial assets in concession contracts	​	​	—	​	​	—	​	​	3,830,916	​	​	3,830,916
Total other account receivables designated at fair value	​	Ps.	—	​	Ps.	—	​	Ps.	3,830,916	​	Ps.	3,830,916
Non- financial assets	​	​		​	​		​	​		​	​
Biological assets	​	​	—	​	​	—	​	​	230,672	​	​	230,672
Investment properties	​	​	—	​	​	—	​	​	906,469	​	​	906,469
Total non- financial assets	​	Ps.	—	​	Ps.	—	​	Ps.	1,137,141	​	Ps.	1,137,141
Total assets at fair value on recurring basis	​	Ps.	22,599,214	​	Ps.	14,574,468	​	Ps.	7,740,172	​	Ps.	44,913,854
​	​	​	​	​	​	​	​	​	​	​	​	​
Liabilities	​	​	​	​	​	​	​	​	​	​	​	​
Trading derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	Ps.	—	​	Ps.	1,546,577	​	Ps.	—	​	Ps.	1,546,577
Debt securities forward	​	​	—	​	​	129,345	​	​	—	​	​	129,345
Interest rate futures	​	​	3,752	​	​	—	​	​	—	​	​	3,752
Interest rate swap	​	​	396	​	​	329,358	​	​	—	​	​	329,754
Currency swap	​	​	—	​	​	60,846	​	​	—	​	​	60,846
Currency options	​	​	—	​	​	84,087	​	​	—	​	​	84,087
Total trading derivatives	​	Ps.	4,148	​	Ps.	2,150,213	​	Ps.	—	​	Ps.	2,154,361
Hedging derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	Ps.	—	​	Ps.	204,202	​	Ps.	—	​	Ps.	204,202
Interest rate swap	​	​	—	​	​	13,364	​	​	—	​	​	13,364
Total hedging derivatives	​	Ps.	—	​	Ps.	217,566	​	Ps.	—	​	Ps.	217,566
Total liabilities at fair value on recurring basis	​	Ps.	4,148	​	Ps.	2,367,779	​	Ps.	—	​	Ps.	2,371,927

​

December 31, 2022

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Level 1			Level 2			Level 3			Total
Assets	​	​		​	​		​	​		​	​
​	​	​	​	​	​	​	​	​	​	​	​	​
Trading investments	​	​		​	​		​	​		​	​
Securities issued or secured by Colombian Government	​	Ps.	2,536,952	​	Ps.	284,449	​	Ps.	—	​	Ps.	2,821,401
Securities issued or secured by other Colombian Government entities	​	​	—	​	​	194,150	​	​	—	​	​	194,150
Securities issued or secured by foreign Governments	​	​	—	​	​	57,600	​	​	—	​	​	57,600
Securities issued or secured by other financial entities	​	​	—	​	​	651,807	​	​	—	​	​	651,807
Securities issued or secured by non-financial sector entities	​	​	—	​	​	11,349	​	​	—	​	​	11,349
Others	​	​	—	​	​	24,580	​	​	—	​	​	24,580
Total trading investments	​	Ps.	2,536,952	​	Ps.	1,223,935	​	Ps.	—	​	Ps.	3,760,887
Investments in debt securities at fair value through profit or loss	​	​	​	​	​	​	​	​	​	​	​	​
Others	​	​	—	​	​	—	​	​	1,378	​	​	1,378

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Level 1			Level 2			Level 3			Total
Total investments in debt securities at fair value through profit or loss	​	Ps.	2,536,952	​	Ps.	1,223,935	​	Ps.	1,378	​	Ps.	3,762,265
Investments in debt securities at fair value through OCI	​	​		​	​		​	​		​	​
Securities issued or secured by Colombian Government	​	Ps.	12,592,025	​	Ps.	2,960,847	​	Ps.	—	​	Ps.	15,552,872
Securities issued or secured by other Colombian Government entities	​	​	510,913	​	​	278,335	​	​	—	​	​	789,248
Securities issued or secured by foreign Governments	​	​	1,622,089	​	​	1,774,366	​	​	—	​	​	3,396,455
Securities issued or secured by central banks	​	​	—	​	​	194,098	​	​	—	​	​	194,098
Securities issued or secured by other financial entities	​	​	—	​	​	1,622,899	​	​	5	​	​	1,622,904
Securities issued or secured by non-financial sector entities	​	​	—	​	​	53,807	​	​	—	​	​	53,807
Others	​	​	1,796	​	​	850,625	​	​	—	​	​	852,421
Total investments in debt securities at fair value through OCI	​	Ps.	14,726,823	​	Ps.	7,734,977	​	Ps.	5	​	Ps.	22,461,805
Total investments in debt securities	​	Ps.	17,263,775	​	Ps.	8,958,912	​	Ps.	1,383	​	Ps.	26,224,070
​	​	​	​	​	​	​	​	​	​	​	​	​
Equity securities	​	​		​	​		​	​		​	​
Trading equity securities	​	Ps.	4,040	​	Ps.	4,338,026	​	Ps.	1,697,049	​	Ps.	6,039,115
Investments in equity through OCI	​	​	871,149	​	​	352	​	​	605,231	​	​	1,476,732
Total equity securities	​	Ps.	875,189	​	Ps.	4,338,378	​	Ps.	2,302,280	​	Ps.	7,515,847
​	​	​	​	​	​	​	​	​	​	​	​	​
Held for trading derivatives	​	​		​	​		​	​		​	​
Currency forward	​	Ps.	—	​	Ps.	1,227,660	​	Ps.	—	​	Ps.	1,227,660
Debt securities forward	​	​	—	​	​	4,418	​	​	—	​	​	4,418
Interest rate swap	​	​	—	​	​	524,528	​	​	—	​	​	524,528
Currency swap	​	​	—	​	​	157,747	​	​	—	​	​	157,747
Currency options	​	​	—	​	​	127,052	​	​	—	​	​	127,052
Total held for trading derivatives	​	Ps.	—	​	Ps.	2,041,405	​	Ps.	—	​	Ps.	2,041,405
Hedging derivatives	​	​		​	​		​	​		​	​
Currency forward	​	​	—	​	​	4,830	​	​	—	​	​	4,830
Interest rate swap	​	​	—	​	​	16,024	​	​	—	​	​	16,024
Total hedging derivatives	​	Ps.	—	​	Ps.	20,854	​	Ps.	—	​	Ps.	20,854
Other account receivables	​	​		​	​		​	​		​	​
Financial assets in concession contracts	​	​	—	​	​	—	​	​	3,507,231	​	​	3,507,231
Total other account receivables designated at fair value	​	Ps.	—	​	Ps.	—	​	Ps.	3,507,231	​	Ps.	3,507,231
Non- financial assets	​	​		​	​		​	​		​	​
Biological assets	​	​	—	​	​	—	​	​	212,630	​	​	212,630
Investment properties	​	​	—	​	​	—	​	​	880,963	​	​	880,963
Total non- financial assets	​	Ps.	—	​	Ps.	—	​	Ps.	1,093,593	​	Ps.	1,093,593
Total assets at fair value on recurring basis	​	Ps.	18,138,964	​	Ps.	15,359,549	​	Ps.	6,904,487	​	Ps.	40,403,000
​	​	​		​	​		​	​		​	​
Liabilities	​	​	​	​	​	​	​	​	​	​	​	​
Trading derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	Ps.	—	​	Ps.	885,933	​	Ps.	—	​	Ps.	885,933
Debt securities forward	​	​	—	​	​	5,248	​	​	—	​	​	5,248
Interest rate futures	​	​	2,107	​	​	—	​	​	—	​	​	2,107
Interest rate swap	​	​	—	​	​	608,288	​	​	—	​	​	608,288
Currency swap	​	​	—	​	​	112,600	​	​	—	​	​	112,600
Currency options	​	​	—	​	​	143,430	​	​	—	​	​	143,430
Total trading derivatives	​	Ps.	2,107	​	Ps.	1,755,499	​	Ps.	—	​	Ps.	1,757,606
Hedging derivatives	​	​		​	​		​	​		​	​
Currency forward	​	Ps.	—	​	Ps.	1,553	​	Ps.	—	​	Ps.	1,553
Interest rate swap	​	​	—	​	​	2,015	​	​	—	​	​	2,015
Total hedging derivatives	​	Ps.	—	​	Ps.	3,568	​	Ps.	—	​	Ps.	3,568
Total liabilities at fair value on recurring basis	​	Ps.	2,107	​	Ps.	1,759,067	​	Ps.	—	​	Ps.	1,761,174

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Total

December 31, 2023

​

​

​

​

​

​

​

​

​

​

​

​

Impaired collateralized loans

Ps.

—

Ps.

—

Ps.

1,494,862

Ps.

1,494,862

Non- current assets held for sale

​

​

—

​

​

—

​

​

101,184

​

​

101,184

​

Ps.

—

Ps.

—

Ps.

1,596,046

Ps.

1,596,046

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Level 1		​	Level 2		​	Level 3		​	Total
December 31, 2022	​	​	​	​	​	​	​	​	​	​	​	​
Impaired collateralized loans		Ps.	—		Ps.	—		Ps.	1,740,705		Ps.	1,740,705
Non- current assets held for sale	​	​	—	​	​	—	​	​	92,830	​	​	92,830
​		Ps.	—		Ps.	—		Ps.	1,833,535		Ps.	1,833,535

​

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.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

Ps.

2,702,953

Ps.

—

​

Ps.

—

​

Ps.

2,702,953

Securities issued or secured by other financial entities

​

​

—

​

​

71,343

​

​

—

​

​

71,343

​

Ps.

2,702,953

Ps.

71,343

​

Ps.

—

​

Ps.

2,774,296

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

Ps.

78,990

​

Ps.

—

​

Ps.

—

​

Ps.

78,990

​

​

Ps.

78,990

​

Ps.

—

​

Ps.

—

​

Ps.

78,990

​

Ps.

2,781,943

Ps.

71,343

​

Ps.

—

​

Ps.

2,853,286

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

Ps.

1,803,296

Ps.

137,298

​

Ps.

—

​

Ps.

1,940,594

Securities issued or secured by other Colombian Government entities

​

​

—

​

​

1,006

​

​

—

​

​

1,006

Securities issued or secured by other financial entities

​

​

—

​

​

4,980

​

​

—

​

​

4,980

​

Ps.

1,803,296

Ps.

143,284

​

Ps.

—

​

Ps.

1,946,580

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

Ps.

52,153

Ps.

—

​

Ps.

—

​

Ps.

52,153

​

​

Ps.

52,153

​

Ps.

—

​

Ps.

—

​

Ps.

52,153

​

​

​

​

​

​

​

​

​

​

​

​

​

Pledged as collateral in operations with derivative instruments

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

​

Ps.

1,292

Ps.

—

​

Ps.

—

​

Ps.

1,292

​

​

Ps.

1,292

​

Ps.

—

​

Ps.

—

​

Ps.

1,292

​

Ps.

1,856,741

Ps.

143,284

​

Ps.

—

​

Ps.

2,000,025

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

Investment in debt at FVOCI securities pledged as collateral

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​		December 31, 2023
​	​	Level 1		​	Level 2		​	Level 3		​	Total
Pledged as collateral in money market operations	​	​		​	​		​	​		​	​
Securities issued or secured by Colombian Government		Ps.	8,571,208		Ps.	72,819	​	Ps.	—	​	Ps.	8,644,027
Securities issued or secured by other Colombian Government entities			15,464			39,785	​		—	​		55,249
Securities issued or secured by other financial entities			—			18,479	​		—	​		18,479
Securities issued or secured by non-financial sector entities	​	​	—	​	​	118,865	​	​	—	​	​	118,865
Securities issued or secured by foreign Governments	​	​	662,623	​	​	40,262	​	​	—	​	​	702,885
Securities issued or secured by central banks	​	​	—	​	​	15,185	​	​	—	​	​	15,185
Others			—			155,713	​		—	​		155,713
​		Ps.	9,249,295		Ps.	461,108	​	Ps.	—	​	Ps.	9,710,403
Pledged as collateral in operations with derivative instruments							​			​
Securities issued or secured by Colombian Government		Ps.	3,650		Ps.	—	​	Ps.	—	​	Ps.	3,650
​		Ps.	3,650		Ps.	—	​	Ps.	—	​	Ps.	3,650
Pledged as collateral to special entities such as CRCC, BR and BVC (*)							​			​

​	​	​	​	​	​	​	​	​	​	​	​	​
​		December 31, 2023
​	​	Level 1		​	Level 2		​	Level 3		​	Total
Securities issued or secured by Colombian Government		Ps.	1,075,909		Ps.	—	​	Ps.	—	​	Ps.	1,075,909
​		Ps.	1,075,909		Ps.	—	​	Ps.	—	​	Ps.	1,075,909
​		Ps.	10,328,854		Ps.	461,108	​	Ps.	—	​	Ps.	10,789,962

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

​

Ps.

3,718,431

Ps.

696,435

​

Ps.

—

​

Ps.

4,414,866

Securities issued or secured by other Colombian Government entities

​

138,474

37,047

​

—

​

175,521

Securities issued or secured by other financial entities

​

​

—

89,982

​

—

​

89,982

Securities issued or secured by non-financial sector entities

​

—

​

​

32,955

​

​

—

​

32,955

Securities issued or secured by foreign Governments

​

​

1,376,551

​

275,245

​

​

—

​

​

1,651,796

Securities issued or secured by central banks

​

​

—

​

​

39,212

​

​

—

​

​

39,212

Others

​

—

163,156

​

—

​

163,156

​

​

Ps.

5,233,456

Ps.

1,334,032

​

Ps.

—

​

Ps.

6,567,488

Pledged as collateral in operations with derivative instruments

​

​

​

Securities issued or secured by Colombian Government

​

Ps.

10,177

Ps.

—

​

Ps.

—

​

Ps.

10,177

​

​

Ps.

10,177

Ps.

—

​

Ps.

—

​

Ps.

10,177

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

​

​

​

Securities issued or secured by Colombian Government

​

Ps.

1,145,747

Ps.

—

​

Ps.

—

​

Ps.

1,145,747

​

​

Ps.

1,145,747

Ps.

—

​

Ps.

—

​

Ps.

1,145,747

​

​

Ps.

6,389,380

Ps.

1,334,032

​

Ps.

—

​

Ps.

7,723,412

(*) 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.	557		Ps.	(556)
Adjusted discounted cash flow	​	​	​	​	​	​	​	​
Growth in residual values after 5 years		+/-1%		​	281		​	(240)
Income		+/-1%		​	1,035		​	(1,046)
Discount interest rates		+/- 50 pb		​	1,066		​	(988)
Gradient	​	+/- 30 pb	​	​	257	​	​	(263)
​	​	​		Ps.	3,196		Ps.	(3,093)

​

​	​	​	​	​	​	​	​	​
​	​	​		Favorable			Unfavorable
Methods and Variables		Variation		impact			impact
Comparable multiples / Recent transaction price	​	​	​	​	​	​	​	​
EBITDA Number of times		+/-1 x		Ps.	5,039		Ps.	(5,043)
Adjusted discounted cash flow	​	​	​	​	​	​	​	​
Growth in residual values after 5 years		+/-1%		​	250		​	(217)
​	​	+/- 30 pb	​	​	305		​	(267)
Income		+/-1%		​	1,790		​	(1,680)
Discount interest rates		+/- 50 pb		​	1,078		​	(976)
​	​	​		Ps.	8,462		Ps.	(8,183)

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

The following table includes a sensitivity analysis of main equity securities amounting Ps. 2,567,099 Includes investments in the Nexus Real Estate Capital Funds as of December 31, 2023, classified at FVTPL level 3:

​

​	​	​	​	​	​	​
​	​	Scenario 1			Scenario 2
Sensitivity impacts	​	Ps.	38,209		Ps.	(75,156)
​	​	Ps.	38,209		Ps.	(75,156)

​

​

The following table includes a sensitivity analysis of main equity securities amounting Ps. 1,602,297 Includes investments in the Nexus Real Estate Capital Funds as of December 31, 2022, classified at FVTPL level 3:

​

​	​	​	​	​	​	​
​	​	Scenario 1			Scenario 2
Sensitivity impacts	​	Ps.	17,951		Ps.	(29,162)
​	​	Ps.	17,951		Ps.	(29,162)

​

​

​	​	​	​
​	​	​	Scenario 1
Increases in the sensitivity of:	​	​	​
Market value (square meter)	​	​	+10%
Market income	​	​	+10%
Initial capitalization rate	​	​	+50 bp
Cash flow discount rate	​	​	+50 bp

​

​	​	​	​
​	​	​	Scenario 2
Decreases in the sensitivity of:	​	​	​
Market value (square meter)	​	​	-10%
Market income	​	​	-10%
Initial capitalization rate	​	​	-50 bp
Cash flow discount rate	​	​	-50 bp

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, 2023

​

December 31, 2022

Variable

+100 bps

-100 bps

+100 bps

-100 bps

WACC

Ps.

(864,845)

​

Ps.

1,316,441

​

Ps.

(827,154)

​

Ps.

1,279,273

Perpetuity growth rate

​

​

785,847

​

​

(552,066)

​

​

746,633

​

​

(518,685)

(*) Perpetuity growth rate in the case of concessions with renewal clauses that are highly likely to be exercised.

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

December 31, 2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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 3 to 2

Level 2 to 1

Level 1 to 2

​

Level 3 to 2

Securities issued or secured by Colombian Government

Ps.

2,826

Ps.

—

​

Ps.

—

Ps.

1,836,591

Ps.

—

​

Ps.

—

Securities issued or secured by other Colombian Government entities

​

​

—

​

​

—

​

​

—

​

​

287,490

​

​

—

​

​

—

Securities issued or secured by foreign Governments

​

​

—

​

​

—

​

​

57,600

​

​

24,098

​

​

—

​

​

—

Securities issued or secured by other financial entities

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

6,980

Securities issued or secured by non-financial sector entities

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

3,955

Others

​

​

—

​

​

—

​

​

—

​

​

1,796

​

​

52,210

​

​

4,460

​

Ps.

2,826

Ps.

—

​

Ps.

57,600

​

Ps.

2,149,975

Ps.

52,210

​

Ps.

15,395

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, 2021	Ps.	95,349		Ps.	1,159,963		Ps.	2,958,385		Ps.	122,675		Ps.	808,556
Changes in fair value recognised in profit or loss (3)		4,222			173,954			270,095	​		28,546	​	​	22,775
Changes in fair value recognised in OCI		85,096			(6,431)			—	​		—	​	​	7,991
Transfers to/from non-current assets held for sale		—			—			—	​		—	​	​	22,847
Reclassifications		—			—			—	​		—	​	​	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)
Discontinued operations (1)	​	—	​	​	3,403	​	​	—	​	​	—	​	​	—
Reclassification BAC (1) (2)	​	—	​	​	(47)	​	​	—	​	​	—	​	​	—
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
Changes in fair value recognised in profit or loss (3)		(58,845)			80,408			278,751			56,859	​	​	55,930
Changes in fair value recognised in OCI		671,348			16,613			—			—	​	​	797
Transfers to/from non-current assets held for sale		—			—			—			—	​	​	31,184
Reclassifications		—			—			—			—	​	​	(4,493)
Effect of movements in exchange rates	​	—	​	​	—	​	​	—	​	​	—	​	​	2,282
Additions		227,854		​	918,046	​		—			28,368	​	​	70,081
Sales / redemptions		(783,552)			(13,062)			—			(27,583)	​	​	(127,753)
Discontinued operations (1)	​	—	​	​	1	​	​	—	​	​	—	​	​	—
Loss of control in subsidiary (1)	​	(71,248)	​	​	(56,599)	​	​	—	​	​	—	​	​	—
Transfers from level 3 to level 2	​	(72,995)	​	​	(291)	​	​	—	​	​	—	​	​	—
December 31, 2022	Ps.	1,383		Ps.	2,302,280		Ps.	3,507,231		Ps.	212,630		Ps.	880,963
Changes in fair value recognised in profit or loss (3)		506			204,276			323,685			18,601	​	​	84,958
Changes in fair value recognised in OCI		—			39,566			—			—	​	​	557
Transfers to/from non-current assets held for sale		—			—			—			—	​	​	95,593
Reclassifications		—			—			—			—	​	​	(4,160)
Effect of movements in exchange rates	​	—	​	​	—	​	​	—	​	​	—	​	​	(7,079)
Additions(4)		—		​	830,718	​		—			26,118	​	​	56,307
Sales / redemptions(5)		—			(606,614)			—			(26,677)	​	​	(200,670)
December 31, 2023	Ps.	1,889		Ps.	2,770,226		Ps.	3,830,916		Ps.	230,672		Ps.	906,469

⁽¹⁾      See note 1.1 “Discontinued operations of BAC Holding”

⁽²⁾      Correspond to reclassification for comparability of the movements of BAC Holding consider the deconsolidation of this entity during year 2022.

⁽³⁾      Included in a) debt and equity securities in “Net trading income” – “Trading investment income” line; b) financial assets in concession arrangements in “Net income from other financial instruments mandatorily at fair value through profit or loss” line; and c) Biological assets and Investment properties in “Income from sales of goods and services” line.

⁽⁴⁾      The increase corresponds mainly to the mobilization of assets to the Nexus Private Investment Fund at the end of December 2023, made by the following entities: Banco de Bogotá for Ps. 466,210, Banco de Occidente for Ps. 60,947, Banco Popular for Ps. 249,732 and Banco Av Villas for Ps. 53,829.

⁽⁵⁾      Corresponds mainly to the sale of 4.1% of shares of BAC Holding International Corp for Ps. 519,964 and redemptions of the Nexus Private Investment Fund  of Banco de Occidente for Ps. 37,970, Banco de Bogotá for Ps. 39,348 and Banco Popular for Ps. 6,602  Banco Av Villas for Ps. 2,730.

​

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, 2023

​

December 31, 2022

​

Carrying

Fair Value

Carrying

Fair Value

​

​

Amount

​

Estimate

​

Amount

​

Estimate

Assets

Net investments in debt securities at amortized cost (1)

Ps.

9,979,679

Ps.

9,981,183

Ps.

9,734,562

Ps.

9,744,533

Net credit portfolio at amortized cost (2)

176,168,055

190,375,349

179,115,847

180,119,474

Total financial assets

Ps.

186,147,734

Ps.

200,356,532

Ps.

188,850,409

Ps.

189,864,007

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

Customer deposits (3)

Ps.

181,987,396

Ps.

183,570,708

Ps.

173,341,149

Ps.

173,929,783

Financial obligations (4)

65,541,339

64,208,758

72,116,775

68,429,431

Total financial liabilities

Ps.

247,528,735

Ps.

247,779,466

Ps.

245,457,924

Ps.

242,359,214

​

The following is a breakdown of how financial assets and liabilities accounted at amortized cost and are measured at fair value for disclosure purposes only.

​

​

⁽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 zero coupon bond, 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.

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