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Consolidated Statements of Income - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income calculated using the effective interest method      
Loan portfolio $ 25,465,582 $ 26,534,115 $ 17,559,516
Investments in debt securities 2,716,350 2,385,289 1,843,516
Total interest income 28,181,932 28,919,404 19,403,032
Interest expense      
Deposits (15,194,029) (16,214,226) (7,756,432)
Financial obligations (5,720,304) (6,418,204) (3,907,963)
Total interest expense (20,914,333) (22,632,430) (11,664,395)
Net interest income 7,267,599 6,286,974 7,738,637
Impairment (losses) recoveries on financial assets      
Loans and other accounts receivable (4,755,134) (4,751,039) (3,120,403)
Other financial assets (4,163) 12,871 (16,723)
Recovery of charged-off financial assets 574,260 555,774 643,978
Net impairment loss on financial assets (4,185,037) (4,182,394) (2,493,148)
Net interest income, after impairment losses 3,082,562 2,104,580 5,245,489
Income from commissions and fees 4,616,144 4,356,336 3,874,439
Expenses from commissions and fees (1,032,350) (1,003,813) (970,676)
Net income from commissions and fees 3,583,794 3,352,523 2,903,763
Income from sales of goods and services 11,048,600 11,223,556 12,141,327
Costs and expenses of sales goods and services (8,571,245) (8,005,597) (7,596,231)
Gross profit from sales of goods and services 2,477,355 3,217,959 4,545,096
Net trading income (loss) 1,404,404 (916,049) 1,559,626
Net income from other financial instruments mandatorily at fair value through profit or loss 350,919 323,685 278,751
Other income 890,668 3,751,306 (848,571)
Other expenses (8,651,798) (8,346,454) (7,409,783)
Net income before tax expense 3,137,904 3,487,550 6,274,371
Income tax (946,427) (1,310,434) (2,271,404)
Net income from continuing operations 2,191,477 2,177,116 4,002,967
Net income from discontinued operations, net of tax     866,166
Net income for the year 2,191,477 2,177,116 4,869,133
Net income attributable to owners of the parent:      
Net income attributable to owners of the parent - Net income for the period from continuing operations 1,015,087 739,003 1,888,895
Net income attributable to owners of the parent - Net income for the period from discontinued operations, net of tax     593,990
Net income attributable to owners of the parent - Owners of the parent 1,015,087 739,003 2,482,885
Net income attributable to non-controlling interests:      
Net income attributable to non-controlling interests - Net income for the period from continuing operations 1,176,390 1,438,113 2,114,072
Net income attributable to non-controlling interests - Net income for the period from discontinued operations, net of tax     272,176
Net income attributable to non-controlling interests - Non-controlling interests 1,176,390 1,438,113 2,386,248
Net income for the year $ 2,191,477 $ 2,177,116 $ 4,869,133
Net income per share basic (in Colombian pesos, see note 25.3) $ 42.75 $ 31.12 $ 107.29
Net income per share diluted (in Colombian pesos, see note 25.3) $ 42.75 $ 31.12 $ 107.29