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ESTIMATION OF FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of estimations of fair value [abstract]

Disclosure of fair value measurement of assets and liabilities, recurring basis [table text block]

December 31, 2024

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Level 1		​	Level 2		​	Level 3		​	Total
Assets	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​
Trading investments	​	​	​	​	​	​	​	​	​	​	​	​
Securities issued or secured by Colombian Government	​	Ps.	10,580,049	​	Ps.	61,509	​	Ps.	—	​	Ps.	10,641,558
Securities issued or secured by other Colombian Government entities	​	​	—	​	​	183,760	​	​	—	​	​	183,760
Securities issued or secured by foreign Governments	​	​	26,107	​	​	49,272	​	​	—	​	​	75,379
Securities issued or secured by other financial entities	​	​	—	​	​	1,002,194	​	​	—	​	​	1,002,194
Securities issued or secured by non-financial sector entities	​	​	—	​	​	8,813	​	​	—	​	​	8,813
Others	​	​	—	​	​	25,710	​	​	—	​	​	25,710
Total trading investments	​	Ps.	10,606,156	​	Ps.	1,331,258	​	Ps.	—	​	Ps.	11,937,414
Investments in debt securities at fair value through profit or loss	​	​	​	​	​	​	​	​	​	​	​	​
Others	​	​	—	​	​	—	​	​	1,425	​	​	1,425
Total investments in debt securities at fair value through profit or loss	​	Ps.	10,606,156	​	Ps.	1,331,258	​	Ps.	1,425	​	Ps.	11,938,839
Investments in debt securities at fair value through OCI	​	​	​	​	​	​	​	​	​	​	​	​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Level 1		​	Level 2		​	Level 3		​	Total
Securities issued or secured by Colombian Government	​	Ps.	13,391,650	​	Ps.	4,876,258	​	Ps.	—	​	Ps.	18,267,908
Securities issued or secured by other Colombian Government entities	​	​	52,253	​	​	410,492	​	​	—	​	​	462,745
Securities issued or secured by foreign Governments	​	​	1,195,495	​	​	3,307,315	​	​	—	​	​	4,502,810
Securities issued or secured by central banks	​	​	—	​	​	204,855	​	​	—	​	​	204,855
Securities issued or secured by other financial entities	​	​	—	​	​	2,626,783	​	​	—	​	​	2,626,783
Securities issued or secured by non-financial sector entities	​	​	—	​	​	249,660	​	​	—	​	​	249,660
Others	​	​	1,740	​	​	733,697	​	​	—	​	​	735,437
Total investments in debt securities at fair value through OCI	​	Ps.	14,641,138	​	Ps.	12,409,060	​	Ps.	—	​	Ps.	27,050,198
Total investments in debt securities	​	Ps.	25,247,294	​	Ps.	13,740,318	​	Ps.	1,425	​	Ps.	38,989,037
​	​	​	​	​	​	​	​	​	​	​	​	​
Equity securities	​	​	​	​	​	​	​	​	​	​	​	​
Trading equity securities	​	Ps.	12,711	​	Ps.	4,049,509	​	Ps.	3,194,286	​	Ps.	7,256,506
Investments in equity through OCI	​	​	1,302,512	​	​	100	​	​	118,691	​	​	1,421,303
Total equity securities	​	Ps.	1,315,223	​	Ps.	4,049,609	​	Ps.	3,312,977	​	Ps.	8,677,809
​	​	​	​	​	​	​	​	​	​	​	​	​
Held for trading derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	Ps.	—	​	Ps.	530,625	​	Ps.	—	​	Ps.	530,625
Debt securities forward	​	​	—	​	​	117,053	​	​	—	​	​	117,053
Interest rate swap	​	​	4,515	​	​	218,314	​	​	—	​	​	222,829
Currency swap	​	​	—	​	​	58,475	​	​	—	​	​	58,475
Currency options	​	​	—	​	​	40,312	​	​	—	​	​	40,312
Total held for trading derivatives	​	Ps.	4,515	​	Ps.	964,779	​	Ps.	—	​	Ps.	969,294
Hedging derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	​	—	​	​	10,642	​	​	—	​	​	10,642
Interest rate swap	​	​	—	​	​	43,377	​	​	—	​	​	43,377
Total hedging derivatives	​	Ps.	—	​	Ps.	54,019	​	Ps.	—	​	Ps.	54,019
Other account receivables	​	​	​	​	​	​	​	​	​	​	​	​
Financial assets in concession contracts	​	​	—	​	​	—	​	​	4,181,835	​	​	4,181,835
Total other account receivables designated at fair value	​	Ps.	—	​	Ps.	—	​	Ps.	4,181,835	​	Ps.	4,181,835
Non- financial assets	​	​	​	​	​	​	​	​	​	​	​	​
Biological assets	​	​	—	​	​	—	​	​	238,339	​	​	238,339
Investment properties	​	​	—	​	​	—	​	​	972,935	​	​	972,935
Total non- financial assets	​	Ps.	—	​	Ps.	—	​	Ps.	1,211,274	​	Ps.	1,211,274
Total assets at fair value on recurring basis	​	Ps.	26,567,032	​	Ps.	18,808,725	​	Ps.	8,707,511	​	Ps.	54,083,268
​	​	​	​	​	​	​	​	​	​	​	​	​
Liabilities	​	​	​	​	​	​	​	​	​	​	​	​
Trading derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	Ps.	—	​	Ps.	672,690	​	Ps.	—	​	Ps.	672,690
Debt securities forward	​	​	—	​	​	15,978	​	​	—	​	​	15,978
Interest rate swap	​	​	2,469	​	​	219,353	​	​	—	​	​	221,822
Currency swap	​	​	—	​	​	52,455	​	​	—	​	​	52,455
Currency options	​	​	—	​	​	48,989	​	​	—	​	​	48,989
Total trading derivatives	​	Ps.	2,469	​	Ps.	1,009,465	​	Ps.	—	​	Ps.	1,011,934
Hedging derivatives	​	​	​	​	​	​	​	​	​	​	​	​
Currency forward	​	Ps.	—	​	Ps.	5,250	​	Ps.	—	​	Ps.	5,250
Interest rate swap	​	​	—	​	​	16,408	​	​	—	​	​	16,408
Total hedging derivatives	​	Ps.	—	​	Ps.	21,658	​	Ps.	—	​	Ps.	21,658
Total liabilities at fair value on recurring basis	​	Ps.	2,469	​	Ps.	1,031,123	​	Ps.	—	​	Ps.	1,033,592

​

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

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Level 1		​	Level 2		​	Level 3		​	Total
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
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

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, 2024

​

​

Level 1

​

Level 2

​

Level 3

​

Total

Pledged as collateral in money market operations

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

Ps.

5,270,000

Ps.

—

​

Ps.

—

​

Ps.

5,270,000

Securities issued or secured by other financial entities

​

​

—

​

​

2,055

​

​

—

​

​

2,055

​

Ps.

5,270,000

Ps.

2,055

​

Ps.

—

​

Ps.

5,272,055

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

Ps.

1,179,027

​

Ps.

—

​

Ps.

—

​

Ps.

1,179,027

​

​

Ps.

1,179,027

​

Ps.

—

​

Ps.

—

​

Ps.

1,179,027

​

​

​

​

​

​

​

​

​

​

​

​

​

Pledged as collateral in operations with derivative instruments

​

​

​

​

​

​

​

​

​

​

​

​

Securities issued or secured by Colombian Government

​

Ps.

1,193

Ps.

—

​

Ps.

—

​

Ps.

1,193

​

​

Ps.

1,193

​

Ps.

—

​

Ps.

—

​

Ps.

1,193

​

Ps.

6,450,220

Ps.

2,055

​

Ps.

—

​

Ps.

6,452,275

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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”)

Investment in debt at FVOCI securities pledged as collateral

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2024
​	​	Level 1		​	Level 2		​	Level 3		​	Total
Pledged as collateral in money market operations	​	​	​	​	​	​	​	​	​	​	​	​
Securities issued or secured by Colombian Government		Ps.	7,353,270		Ps.	760,242	​	Ps.	—	​	Ps.	8,113,512
Securities issued or secured by other Colombian Government entities		​	17,418		​	6,842	​	​	—	​	​	24,260
Securities issued or secured by other financial entities		​	—		​	37,767	​	​	—	​	​	37,767
Securities issued or secured by foreign Governments	​	​	862,930	​	​	332,741	​	​	—	​	​	1,195,671
Securities issued or secured by central banks	​	​	—	​	​	18,670	​	​	—	​	​	18,670
Others		​	—		​	164,308	​	​	—	​	​	164,308
​		Ps.	8,233,618		Ps.	1,320,570	​	Ps.	—	​	Ps.	9,554,188
Pledged as collateral to special entities such as CRCC, BR and BVC (*)		​	​		​	​	​	​	​	​	​	​
Securities issued or secured by Colombian Government		Ps.	423,117		Ps.	213,290	​	Ps.	—	​	Ps.	636,407
​		Ps.	423,117		Ps.	213,290	​	Ps.	—	​	Ps.	636,407
​		Ps.	8,656,735		Ps.	1,533,860	​	Ps.	—	​	Ps.	10,190,595

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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 (*)

​

​

​

​

​

​

​

​

​

​

​

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”)

Disclosure of fair value measurement of assets and liabilities, nonrecurring basis [table text block]

The following table presents Grupo Aval’s assets and liabilities, classified within the fair value hierarchy, which are measured on a nonrecurring basis as of December 31, 2024 and 2023 at fair value less cost of sale:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Total

December 31, 2024

​

​

​

​

​

​

​

​

​

​

​

​

Impaired collateralized loans

Ps.

—

Ps.

—

Ps.

1,795,616

Ps.

1,795,616

Non- current assets held for sale

​

​

—

​

​

—

​

​

105,214

​

​

105,214

​

Ps.

—

Ps.

—

Ps.

1,900,830

Ps.

1,900,830

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	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

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%		Ps.	434		Ps.	(434)
Adjusted discounted cash flow	​	​	​	​	​	​	​	​
Income		+/-1%		​	320		​	(282)
Discount interest rates		+/- 50 pb		​	222		​	(216)
Discount interest rates		+/- 0.5%		​	114		​	(114)
Perpetuity gradient	​	+/- 0.5%	​	​	38	​	​	—
​	​	​		Ps.	1,128		Ps.	(1,046)

​

​	​	​	​	​	​	​	​	​
​	​	​	​	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)

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 presents the variables of the model used to calculate the sensitivity analysis, which is calculated taking as a reference the market value resulting from the valuation of the Group's properties, the Group's takes the calculation of two impacts cataloged as scenarios:

​

Scenario 1 contemplates the calculation taking the increase of the following variables:

​

​	​	​	​
​	​	​	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 contemplates the calculation taking the decrease of the following variables:

​

​ ​ ​	​	​	​
​	​	​	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

​

The following table includes a sensitivity analysis of main equity securities amounting Ps. 3,099,853 in:

​

Nexus Real Estate Capital Funds (Nexus)

​

Includes investments in the Nexus Real Estate Capital Funds as of December 31, 2024, Ps.2,772,165 classified at FVTPL level 3:

​

​	​	​	​	​	​	​
​	​	Scenario 1		​	Scenario 2
Sensitivity impacts	​	Ps.	65,955		Ps.	(97,147)
​	​	Ps.	65,955		Ps.	(97,147)

​

Includes investments in the Nexus Real Estate Capital Funds as of December 31, 2023, Ps. 2,567,099 classified at FVTPL level 3:

​

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

​

Private Equity Fund Pactia Inmobiliario (Pactia)

​

The following table includes a sensitivity analysis for the Private Equity Fund Pactia Inmobiliario as of December 31, 2024, for Ps. 327,688 ⁽¹⁾, classified at FVTPL level 3:

​

​ ​	​	​	​	​	​	​
​	​	Scenario 1 (2)		​	Scenario 2 (2)
Sensitivity impacts	​	Ps.	3,816		Ps.	(6,294)
​	​	Ps.	3,816		Ps.	(6,294)

⁽¹⁾   Includes opening balance as of October 29, 2024, of Ps. 324,220 and valued of Ps. 3,468.

⁽²⁾   The impact of the scenarios corresponds to 100% of the valuation sample in which each entity of the Group has a percentage of participation of: Banco Popular 4.49%, Banco de Bogotá 6.24%, Banco de Occidente 2.46% and Banco AV Villas 0.65%.

Schedule of table includes a sensitivity analysis of main equity securities

Nexus Real Estate Capital Funds (Nexus)

​

Includes investments in the Nexus Real Estate Capital Funds as of December 31, 2024, Ps.2,772,165 classified at FVTPL level 3:

​

​	​	​	​	​	​	​
​	​	Scenario 1		​	Scenario 2
Sensitivity impacts	​	Ps.	65,955		Ps.	(97,147)
​	​	Ps.	65,955		Ps.	(97,147)

​

Includes investments in the Nexus Real Estate Capital Funds as of December 31, 2023, Ps. 2,567,099 classified at FVTPL level 3:

​

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

​

Private Equity Fund Pactia Inmobiliario (Pactia)

​

The following table includes a sensitivity analysis for the Private Equity Fund Pactia Inmobiliario as of December 31, 2024, for Ps. 327,688 ⁽¹⁾, classified at FVTPL level 3:

​

​ ​	​	​	​	​	​	​
​	​	Scenario 1 (2)		​	Scenario 2 (2)
Sensitivity impacts	​	Ps.	3,816		Ps.	(6,294)
​	​	Ps.	3,816		Ps.	(6,294)

⁽¹⁾   Includes opening balance as of October 29, 2024, of Ps. 324,220 and valued of Ps. 3,468.

⁽²⁾   The impact of the scenarios corresponds to 100% of the valuation sample in which each entity of the Group has a percentage of participation of: Banco Popular 4.49%, Banco de Bogotá 6.24%, Banco de Occidente 2.46% and Banco AV Villas 0.65%.

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, 2024

​

December 31, 2023

Variable

​

+100 bps

​

-100 bps

​

+100 bps

​

-100 bps

WACC

Ps.

(927,375)

​

Ps.

1,416,415

​

Ps.

(864,845)

​

Ps.

1,316,441

Perpetuity growth rate

​

​

888,065

​

​

(617,439)

​

​

785,847

​

​

(552,066)

^(*) 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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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.

—

Ps.

99

​

Ps.

—

Ps.

—

Ps.

1,318,769

​

Ps.

—

​

Ps.

—

Ps.

99

​

Ps.

—

​

Ps.

—

Ps.

1,318,769

​

Ps.

—

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, 2022

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

​

(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

​

​

—

​

​

—

​

​

—

Loss of control in subsidiary

​

(71,248)

​

​

(56,599)

​

​

—

​

​

—

​

​

—

Transfers from level 2 to level 3

​

(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 (1)

​

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

​

—

(2)

830,718

​

​

—

​

26,118

​

​

56,307

Sales / redemptions

​

—

(3)

(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

Changes in fair value recognised in profit or loss (1)

​

(464)

​

224,673

​

350,919

​

7,589

​

​

35,841

Changes in fair value recognised in OCI

​

—

​

(6,819)

​

—

​

—

​

​

16,935

Transfers to/from non-current assets held for sale

​

—

​

—

​

—

​

—

​

​

22,370

Reclassifications

​

—

​

—

​

—

​

—

​

​

32,470

Effect of movements in exchange rates

​

—

​

​

—

​

​

—

​

​

—

​

​

6,966

Additions

​

—

(2)

326,096

​

​

—

​

26,572

​

​

37,859

Sales / redemptions

​

—

(3)

(1,199)

​

—

​

(26,494)

​

​

(85,975)

December 31, 2024

Ps.

1,425

Ps.

3,312,977

Ps.

4,181,835

Ps.

238,339

Ps.

972,935

⁽¹⁾      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; c) Biological assets in “Income from sales of goods and services” line, and d) Investment properties mainly in “Other income” line.

⁽²⁾      The increase corresponds mainly to units received in the Private Equity Fund Pactia Inmobiliario as a result of the restructuring agreement with a client that in turn reduced its credit exposure given at the end of October 2024, made by the following entities: Banco de Bogotá for Ps. 147,790, Banco de Occidente for Ps. 58,295, Banco Popular for Ps. 106,320 and Banco Av Villas for Ps. 11,815, and increase by Corficolombiana S.A. in investments with autonomous equity Promigas S.A. for Ps. 1,876. The increase as of December 31, 2023, corresponds mainly to the mobilization of assets to the Nexus Private Investment Fund, 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.

⁽³⁾        Corresponds to the sale of the shareholding of Grupo Zona Franca Bogotá of Banco de Bogotá for Ps. 1,199. As of December 31, 2023, 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, 2024					​	December 31, 2023
​	​	Carrying		​	Fair Value		​	Carrying		​	Fair Value
​	​	Amount		​	Estimate		​	Amount		​	Estimate
Assets		​	​		​	​		​	​		​	​
Investments in debt securities at amortized cost (1)		Ps.	10,689,692		Ps.	10,715,384		Ps.	9,979,679		Ps.	9,981,183
Net credit portfolio at amortized cost (2)		​	190,129,486		​	189,257,222		​	176,168,055		​	190,375,349
Total financial assets		Ps.	200,819,178		Ps.	199,972,606		Ps.	186,147,734		Ps.	200,356,532

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2024					​	December 31, 2023
​	​	Carrying		​	Fair Value		​	Carrying		​	Fair Value
​	​	Amount		​	Estimate		​	Amount		​	Estimate
​	​	​	​	​	​	​	​	​	​	​	​	​
Liabilities		​	​		​	​		​	​		​	​
Customer deposits (3)		Ps.	200,872,177		Ps.	201,762,276		Ps.	181,987,396		Ps.	183,570,708
Financial obligations (4)		​	72,823,775		​	71,364,572		​	65,541,339		​	64,208,758
Total financial liabilities		Ps.	273,695,952		Ps.	273,126,848		Ps.	247,528,735		Ps.	247,779,466

​

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⁾ Debt securities 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 and other liabilities

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.

X

- Definition

The disclosure of detailed information about Changes in Level 3 Fair-Value Category.

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+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 13
-IssueDate 2024-01-01
-Paragraph 93
-Subparagraph h
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_h&doctype=Standard
-URIDate 2024-03-27

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