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v3.25.1

GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of reconciliation of changes in goodwill [line items] |
Schedule of movement of the goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024 | ​ | December 31, 2023
Balance at the beginning of the year |  | Ps. | 2,202,222 | ​ | Ps. | 2,248,217
Impairment charge | ​ | ​ | — | ​ | ​ | (10,000)
Effect of movements in exchange rates (1) |  | ​ | 21,386 | ​ | ​ | (35,995)
Balance at the end of the year |  | Ps. | 2,223,608 | ​ | Ps. | 2,202,222
​
Schedule of goodwill assigned per Cash Generating Units (CGU) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill carrying amount
CGU | ​ | December 31, 2024 | ​ | December 31, 2023
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
Promigas S.A. and Subsidiaries |  | ​ | 169,687 | ​ | ​ | 169,687
Banco de Bogotá S.A. over Multi Financial Group Inc. (2) | ​ | ​ | 160,612 | ​ | ​ | 139,226
Banco de Occidente S.A. |  | ​ | 127,571 | ​ | ​ | 127,571
Concesionaria Panamericana S.A.S. |  | ​ | 72,594 | ​ | ​ | 72,594
Banco de Occidente S.A. over Banco Unión (1) |  | ​ | 22,724 | ​ | ​ | 22,724
Hoteles Estelar S.A. |  | ​ | 6,661 | ​ | ​ | 6,661
​ |  | Ps. | 2,223,608 | ​ | Ps. | 2,202,222
​ (1) Goodwill recognized as a result of mergers between Banco de Bogotá and Megabanco and Banco de Occidente and 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, 2024
​ | ​ | 2025 | ​ | 2026 | ​ | 2027 | ​ | 2028 | ​ | 2029 | ​
Interest rate on investments |  | 8.6 | % | 6.8 | % | 6.9 | % | 6.9 | % | 6.9 | %
Borrowing rate |  | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | %
Growth in income from commissions |  | 15.1 | % | 22.0 | % | 5.2 | % | 6.9 | % | 6.0 | %
Growth in expenses |  | 9.4 | % | 5.6 | % | 5.2 | % | 4.9 | % | 4.2 | %
Inflation |  | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | %
Discount interest rate after taxes |  | 9.9 | % | 8.8 | % | 7.5 | % | 7.9 | % | 7.8 | %
Growth rate after thirteen years |  | 3.0 | % | ​ |  | ​ |  | ​ |  | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | % | ​ |  | ​ |  | ​ |  | ​ | ​
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, 2024
​ | ​ | 2025 | ​ | 2026 | ​ | 2027 | ​ | 2028 | ​ | 2029 | ​
Lending rate on the loan portfolio and investments |  | 11.2 | % | 10.7 | % | 10.7 | % | 10.8 | % | 10.8 | %
Borrowing rate |  | 5.2 | % | 5.7 | % | 5.8 | % | 5.9 | % | 6.0 | %
Growth in income from commissions |  | 9.5 | % | 13.7 | % | 13.1 | % | 17.7 | % | 5.2 | %
Growth in expenses |  | 10.7 | % | 5.9 | % | 6.7 | % | 8.0 | % | 7.9 | %
Inflation |  | 5.3 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | %
Discount rate after taxes |  | 13.2 | % | 12.1 | % | 10.8 | % | 11.4 | % | 11.3 | %
Growth rate after five years |  | 6.1 | % | ​ |  | ​ |  | ​ |  | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | % | ​ |  | ​ |  | ​ |  | ​ | ​
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, 2024
​ |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 | ​
Lending rate on the loan portfolio and investments |  | 11.5 | % | 11.3 | % | 11.1 | % | 11.1 | % | 11.2 | %
Borrowing rate |  | 5.8 | % | 4.8 | % | 4.7 | % | 4.6 | % | 4.5 | %
Growth in expenses |  | 7.4 | % | 13.7 | % | 6.8 | % | 6.5 | % | 6.4 | %
Inflation |  | 3.5 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | %
Discount rate after taxes |  | 14.5 | % | 12.4 | % | 10.8 | % | 11.4 | % | 11.4 | %
Growth rate after five years |  | 6.1 | % |  |  |  |  |  |  |  | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 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 | % |  |  |  |  |  |  |  | ​
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, 2024
​ | ​ | 2025 | ​ | 2026 | ​ | 2027 | ​ | 2028 | ​ | 2029 | ​
Lending rate on the loan portfolio and investments |  | 10.9 | % | 10.4 | % | 10.5 | % | 10.5 | % | 10.5 | %
Borrowing rate |  | 5.6 | % | 4.7 | % | 4.6 | % | 4.6 | % | 4.4 | %
Growth in income from commissions |  | 9.9 | % | 13.1 | % | 12.5 | % | 15.9 | % | 6.4 | %
Growth in expenses |  | 11.3 | % | 7.0 | % | 7.9 | % | 9.2 | % | 7.7 | %
Inflation |  | 3.5 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | %
Discount rate after taxes |  | 14.5 | % | 12.4 | % | 10.8 | % | 11.4 | % | 11.4 | %
Growth rate after five years |  | 6.1 | % | ​ |  | ​ |  | ​ |  | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | % | ​ |  | ​ |  | ​ |  | ​ | ​
Multi Financial Group Inc |
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, 2024
​ | ​ | 2025 | ​ | 2026 | ​ | 2027 | ​ | 2028 | ​ | 2029 | ​
Lending rate on the loan portfolio and investments |  | 6.6 | % | 6.8 | % | 6.8 | % | 6.9 | % | 6.7 | %
Borrowing rate |  | 4.8 | % | 4.6 | % | 4.6 | % | 4.5 | % | 4.3 | %
Growth in income from commissions |  | (0.7) | % | 2.4 | % | 5.0 | % | 4.8 | % | 3.9 | %
Growth in expenses |  | (15.1) | % | 9.6 | % | 2.6 | % | 1.8 | % | 1.5 | %
Discount rate after taxes |  | 10.7 | % | ​ |  | ​ |  | ​ |  | ​ | ​
Growth rate after ten years |  | 5.5 | % | ​ |  | ​ |  | ​ |  | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | % | ​ |  | ​ |  | ​ |  | ​ | ​

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