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ANALYSIS OF OPERATING SEGMENTS - Statement of income (Details) - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income      
Interest income $ 28,181,932 $ 28,919,404 $ 19,403,032
Income from commissions and fees 4,616,144 4,356,336 3,874,439
Income from sales of goods and services 11,048,600 11,223,556 12,141,327
Net trading income 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
Share of profit of equity accounted investees, net of tax 378,396 371,397 372,777
Dividends 148,452 126,274 119,888
Foreign exchange gain (loss), net (454,818) 2,253,925 (1,825,718)
Other income 818,638 999,710 484,482
Discontinued operations     866,166
Total external income 46,492,667 47,658,238 37,274,770
Expenses      
Interest expense (20,914,333) (22,632,430) (11,664,395)
Net impairment loss on financial assets (4,185,037) (4,182,394) (2,493,148)
Expenses from commissions and fees (1,032,350) (1,003,813) (970,676)
Costs and expenses of sales goods and services (8,571,245) (8,005,597) (7,596,231)
Depreciation and amortization (712,646) (670,491) (645,746)
Personnel expenses (3,211,591) (3,055,168) (2,833,794)
Administrative expenses (4,473,414) (4,367,002) (3,703,599)
Income tax (946,427) (1,310,434) (2,271,404)
Other expenses (254,147) (253,793) (226,644)
Total Expenses (44,301,190) (45,481,122) (32,405,637)
Net income for the year 2,191,477 2,177,116 4,869,133
Net gain on sale of debt and equity securities 150,169 108,773 (134,699)
Gains on the sale of non-current assets held for sale 23,597 48,589 10,487
Net gain in asset valuation 26,999 74,886 50,463
Other operating income 617,873 767,462 558,231
Loss from sale of non-current assets held for sale (2,160) (595) (800)
Other operating expenses (251,987) (253,198) (225,844)
Banking Services      
Income      
Interest income 26,716,061 27,293,337 18,321,381
Income from commissions and fees 3,294,723 3,243,740 2,865,336
Income from sales of goods and services 100,418 107,864 88,093
Net trading income 767,661 (1,245,312) 1,207,099
Share of profit of equity accounted investees, net of tax 55,273 41,277 41,904
Dividends 13,026 11,252 17,696
Foreign exchange gain (loss), net (109,143) 1,575,043 (1,286,774)
Other income 745,291 817,906 583,001
Discontinued operations     455,908
Total external income 31,583,310 31,845,107 22,293,644
Expenses      
Interest expense (17,922,353) (19,260,207) (9,602,059)
Net impairment loss on financial assets (4,126,166) (4,170,048) (2,447,198)
Expenses from commissions and fees (947,225) (910,751) (767,204)
Costs and expenses of sales goods and services (490,891) (443,840) (487,142)
Depreciation and amortization (677,760) (639,717) (620,298)
Personnel expenses (2,824,427) (2,672,717) (2,493,399)
Administrative expenses (4,293,897) (4,185,245) (3,569,706)
Income tax 27,428 184,941 (405,748)
Other expenses (249,405) (212,354) (178,160)
Total Expenses (31,504,696) (32,309,938) (20,570,914)
Net income for the year 1,137,582 827,173 2,910,450
Merchant Banking      
Income      
Interest income 1,075,774 1,149,086 723,488
Income from commissions and fees 146,777 134,252 127,609
Income from sales of goods and services 10,865,477 11,069,075 11,986,518
Net trading income 379,415 34,383 388,350
Net income from other financial instruments mandatorily at fair value through profit or loss 350,919 323,685 278,751
Share of profit of equity accounted investees, net of tax 317,598 326,328 326,448
Dividends 135,426 115,022 102,192
Foreign exchange gain (loss), net (370,942) 692,134 (483,627)
Other income 82,815 153,118 (98,871)
Total external income 12,983,259 13,997,083 13,350,858
Expenses      
Interest expense (3,064,905) (3,471,779) (2,030,256)
Net impairment loss on financial assets (54,379) (28,175) (14,266)
Expenses from commissions and fees (17,083) (16,104) (17,175)
Costs and expenses of sales goods and services (8,015,947) (7,498,858) (7,059,820)
Depreciation and amortization (15,167) (14,028) (11,492)
Personnel expenses (159,076) (147,303) (123,104)
Administrative expenses (199,286) (178,885) (126,670)
Income tax (668,076) (1,268,268) (1,753,733)
Other expenses (7,682) (8,459) (28,251)
Total Expenses (12,201,601) (12,631,859) (11,164,767)
Net income for the year 865,831 1,530,167 2,301,398
Pension and Severance Fund Management      
Income      
Interest income 50,185 117,076 98,302
Income from commissions and fees 1,174,644 978,344 881,494
Income from sales of goods and services 82,705 46,617 66,716
Net trading income 257,153 294,784 (35,975)
Foreign exchange gain (loss), net 20,423 (11,757) (54,771)
Other income (10,439) 28,419 (738)
Total external income 1,574,671 1,453,483 955,028
Expenses      
Interest expense (6,253) (56,927) (63,207)
Net impairment loss on financial assets (6,725) 1,965 (7,782)
Expenses from commissions and fees (101,226) (104,773) (193,124)
Costs and expenses of sales goods and services (87,090) (79,794) (63,049)
Depreciation and amortization (19,778) (16,786) (14,486)
Personnel expenses (185,876) (195,469) (168,450)
Administrative expenses (269,299) (259,331) (195,071)
Income tax (262,774) (172,943) (92,993)
Other expenses 3,119 (32,721) (19,152)
Total Expenses (935,902) (916,779) (817,314)
Net income for the year 654,119 560,209 155,194
Holding      
Income      
Interest income 339,912 359,905 259,861
Net trading income 175 96 152
Share of profit of equity accounted investees, net of tax 5,525 3,792 4,425
Foreign exchange gain (loss), net 4,844 (1,495) (546)
Other income 971 267 1,090
Discontinued operations     (134,632)
Total external income 351,427 362,565 130,350
Expenses      
Interest expense (371,581) (519,869) (517,383)
Net impairment loss on financial assets 805 12,578 (23,840)
Expenses from commissions and fees (465) (430) (19,992)
Depreciation and amortization (1,774) (1,736) (1,766)
Personnel expenses (42,295) (39,779) (48,933)
Administrative expenses (37,046) (67,494) (116,899)
Income tax (42,586) (56,966) (18,802)
Other expenses (152) 82,111 (1,185)
Total Expenses (495,094) (591,585) (748,800)
Net income for the year 1,016,340 738,800 2,349,674
BAC Holding International Corp      
Income      
Discontinued operations     544,890
Total external income     544,890
Expenses      
Net income for the year     544,890
Operating segments [member] | Banking Services      
Income      
Total external income 32,642,278 33,137,111 23,481,364
Operating segments [member] | Merchant Banking      
Income      
Total external income 13,067,432 14,162,026 13,466,165
Operating segments [member] | Pension and Severance Fund Management      
Income      
Total external income 1,590,021 1,476,988 972,508
Operating segments [member] | Holding      
Income      
Total external income 1,511,434 1,330,385 3,098,474
Operating segments [member] | BAC Holding International Corp      
Income      
Total external income     544,890
Elimination of intersegment amounts [member]      
Income      
Interest income (426,804) (569,696) (530,837)
Income from commissions and fees (329,782) (324,001) (312,089)
Income from sales of goods and services (44,774) (42,541) (32,401)
Net trading income (191) (7,597) 2,026
Share of profit of equity accounted investees, net of tax (1,462,402) (1,473,062) (2,800,365)
Dividends (2,944) (1,902) (2,174)
Other income (51,601) (29,473) (16,143)
Discontinued operations     (596,648)
Total external income (2,318,498) (2,448,272) (4,288,631)
Expenses      
Interest expense 450,759 676,352 548,510
Net impairment loss on financial assets 1,428 1,286 (62)
Expenses from commissions and fees 33,649 28,245 26,819
Costs and expenses of sales goods and services 22,683 16,895 13,780
Depreciation and amortization 1,833 1,776 2,296
Personnel expenses 83 100 92
Administrative expenses 326,114 323,953 304,747
Income tax (419) 2,802 (128)
Other expenses (27) (82,370) 104
Total Expenses 836,103 969,039 896,158
Net income for the year (1,482,395) (1,479,233) (3,392,473)
Elimination of intersegment amounts [member] | Banking Services      
Income      
Interest income 334,354 376,228 240,317
Income from commissions and fees 39,095 29,127 23,981
Income from sales of goods and services 31,575 2,324 26,225
Net trading income 60 80  
Share of profit of equity accounted investees, net of tax 624,213 830,683 884,067
Dividends 698 453 298
Other income 28,973 53,109 12,832
Total external income 1,058,968 1,292,004 1,187,720
Elimination of intersegment amounts [member] | Merchant Banking      
Income      
Interest income 54,111 158,256 110,250
Income from commissions and fees 4,401 1,979 1,502
Income from sales of goods and services 1,929 1,844 1,603
Net trading income 765 2,202 (387)
Share of profit of equity accounted investees, net of tax 504 (341) 427
Dividends 2,246 1,449 1,876
Other income 20,217 (446) 36
Total external income 84,173 164,943 115,307
Elimination of intersegment amounts [member] | Pension and Severance Fund Management      
Income      
Interest income 1,158 3,588 7,958
Income from commissions and fees 1,295 254 3,682
Income from sales of goods and services 11,270 38,373 4,573
Net trading income (634) 5,315 (1,639)
Other income 2,261 (24,025) 2,906
Total external income 15,350 23,505 17,480
Elimination of intersegment amounts [member] | Holding      
Income      
Interest income 37,181 31,624 172,312
Income from commissions and fees 284,991 292,641 282,924
Share of profit of equity accounted investees, net of tax 837,685 642,720 1,915,871
Other income 150 835 369
Discontinued operations     596,648
Total external income $ 1,160,007 $ 967,820 $ 2,968,124