v3.26.1
ANALYSIS OF OPERATING SEGMENTS - Statement of income (Details) - COP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income      
Interest income $ 25,919,198 $ 26,971,902 $ 27,651,699
Income from commissions and fees 4,784,225 4,477,604 4,215,764
Income from sales of goods and services 10,396,794 11,048,600 11,223,556
Net trading income 1,402,013 1,401,734 (919,165)
Net income from other financial instruments mandatorily at fair value through profit or loss 623,163 350,919 323,685
Share of profit of equity accounted investees, net of tax 350,935 378,396 371,397
Dividends 126,700 141,867 119,988
Foreign exchange gain (loss), net 584,990 (452,635) 2,253,880
Other income 353,128 578,549 823,560
Total external income 44,541,146 44,896,936 46,064,364
Expenses      
Interest expense (18,047,867) (20,044,491) (21,756,449)
Net impairment loss on financial assets (3,538,900) (4,046,323) (4,029,479)
Expenses from commissions and fees (1,124,180) (1,001,625) (974,250)
Costs and expenses of sales goods and services (8,309,074) (8,571,245) (8,005,597)
Depreciation and amortization (770,448) (674,201) (630,688)
Personnel expenses (3,231,916) (3,022,161) (2,856,843)
Administrative expenses (4,697,229) (4,292,189) (4,199,676)
Income tax expense (1,432,708) (941,978) (1,309,073)
Other expenses (200,298) (136,910) (188,201)
Total Expenses (41,352,620) (42,731,123) (43,950,256)
Net income from continuing operations 3,188,526 2,165,813 2,114,108
Net gain on sale of debt and equity securities (18,431) 149,612 82,936
Gains on the sale of non-current assets held for sale 11,888 20,110 45,873
Net gain in asset valuation 71,701 27,863 82,535
Other operating income 287,970 380,964 612,216
Loss from sale of non-current assets held for sale (2,537) (2,064) (250)
Other operating expenses (197,761) (134,846) (187,951)
Banking Services      
Income      
Interest income 24,511,891 25,526,815 26,046,419
Income from commissions and fees 3,500,744 3,292,932 3,227,104
Income from sales of goods and services 102,612 100,418 107,864
Net trading income 1,052,840 794,807 (1,223,704)
Share of profit of equity accounted investees, net of tax 43,922 55,273 41,277
Dividends 8,136 6,590 6,287
Foreign exchange gain (loss), net 173,937 (102,610) 1,581,029
Other income 314,974 511,354 647,202
Total external income 29,709,056 30,185,579 30,433,478
Expenses      
Interest expense (15,408,294) (17,097,807) (18,422,681)
Net impairment loss on financial assets (3,486,883) (3,987,888) (4,019,404)
Expenses from commissions and fees (1,026,904) (925,106) (890,342)
Costs and expenses of sales goods and services (534,802) (490,891) (443,840)
Depreciation and amortization (739,030) (645,214) (605,861)
Personnel expenses (2,894,761) (2,706,135) (2,536,809)
Administrative expenses (4,508,170) (4,174,647) (4,069,433)
Income tax expense (160,432) 24,948 177,641
Other expenses (174,886) (132,685) (147,685)
Total Expenses (28,934,162) (30,135,425) (30,958,414)
Net income from continuing operations 1,943,077 1,105,555 764,101
Merchant Banking      
Income      
Interest income 1,059,341 1,054,990 1,128,299
Income from commissions and fees 335 10,028 10,316
Income from sales of goods and services 10,202,155 10,865,477 11,069,075
Net trading income 50,778 349,599 9,659
Net income from other financial instruments mandatorily at fair value through profit or loss 623,163 350,919 323,685
Share of profit of equity accounted investees, net of tax 305,800 317,598 326,328
Dividends 118,564 135,277 113,701
Foreign exchange gain (loss), net 423,484 (375,292) 686,103
Other income 27,315 76,663 147,672
Total external income 12,810,935 12,785,259 13,814,838
Expenses      
Interest expense (2,736,632) (3,020,339) (3,434,024)
Net impairment loss on financial assets (53,881) (53,943) (25,904)
Expenses from commissions and fees (13,019) (10,801) (8,116)
Costs and expenses of sales goods and services (7,699,096) (8,015,947) (7,498,858)
Depreciation and amortization (12,611) (10,364) (9,093)
Personnel expenses (91,631) (87,926) (84,897)
Administrative expenses (156,494) (151,186) (138,700)
Income tax expense (955,843) (661,147) (1,259,607)
Other expenses (4,462) (5,928) (10,813)
Total Expenses (11,723,669) (12,017,581) (12,470,012)
Net income from continuing operations 1,173,734 871,185 1,529,381
Pension and Severance Fund Management      
Income      
Interest income 45,429 50,185 117,076
Income from commissions and fees 1,283,107 1,174,644 978,344
Income from sales of goods and services 92,027 82,705 46,617
Net trading income 298,131 257,153 294,784
Foreign exchange gain (loss), net (6,117) 20,423 (11,757)
Other income 10,839 (10,439) 28,419
Total external income 1,723,416 1,574,671 1,453,483
Expenses      
Interest expense (8,123) (6,253) (56,927)
Net impairment loss on financial assets (3,440) (6,725) 1,965
Expenses from commissions and fees (118,263) (101,226) (104,773)
Costs and expenses of sales goods and services (97,484) (87,090) (79,794)
Depreciation and amortization (20,267) (19,778) (16,786)
Personnel expenses (197,553) (185,876) (195,469)
Administrative expenses (281,305) (269,299) (259,331)
Income tax expense (289,076) (262,774) (172,943)
Other expenses (20,664) 3,119 (32,721)
Total Expenses (1,036,175) (935,902) (916,779)
Net income from continuing operations 703,010 654,119 560,209
Holding      
Income      
Interest income 302,537 339,912 359,905
Income from commissions and fees 39    
Net trading income 264 175 96
Share of profit of equity accounted investees, net of tax 1,213 5,525 3,792
Foreign exchange gain (loss), net (6,314) 4,844 (1,495)
Other income   971 267
Total external income 297,739 351,427 362,565
Expenses      
Interest expense (332,059) (371,581) (519,869)
Net impairment loss on financial assets 5,131 805 12,578
Expenses from commissions and fees (478) (465) (430)
Depreciation and amortization (1,455) (1,774) (1,736)
Personnel expenses (48,022) (42,295) (39,779)
Administrative expenses (42,388) (37,046) (67,494)
Income tax expense (27,338) (42,586) (56,966)
Other expenses (163) (152) 82,111
Total Expenses (446,772) (495,094) (591,585)
Net income from continuing operations 1,722,689 1,016,340 738,800
Operating segments [member] | Banking Services      
Income      
Total external income 30,877,239 31,240,980 31,722,515
Operating segments [member] | Merchant Banking      
Income      
Total external income 12,897,403 12,888,766 13,999,393
Operating segments [member] | Pension and Severance Fund Management      
Income      
Total external income 1,739,185 1,590,021 1,476,988
Operating segments [member] | Holding      
Income      
Total external income 2,169,461 1,511,434 1,330,385
Elimination of intersegment amounts [member]      
Income      
Interest income (415,184) (427,414) (570,064)
Income from commissions and fees (289,634) (344,951) (340,286)
Income from sales of goods and services (48,772) (44,774) (42,541)
Net trading income (2,995) (191) (7,596)
Share of profit of equity accounted investees, net of tax (2,347,274) (1,462,402) (1,473,062)
Dividends (3,938) (2,944) (1,902)
Other income (34,345) (51,589) (29,466)
Total external income (3,142,142) (2,334,265) (2,464,917)
Expenses      
Interest expense 437,241 451,489 677,052
Net impairment loss on financial assets 173 1,428 1,286
Expenses from commissions and fees 34,484 35,973 29,411
Costs and expenses of sales goods and services 22,308 22,683 16,895
Depreciation and amortization 2,915 2,929 2,788
Personnel expenses 51 71 111
Administrative expenses 291,128 339,989 335,282
Income tax expense (19) (419) 2,802
Other expenses (123) (1,264) (79,093)
Total Expenses 788,158 852,879 986,534
Net income from continuing operations (2,353,984) (1,481,386) (1,478,383)
Elimination of intersegment amounts [member] | Banking Services      
Income      
Interest income 313,798 333,763 375,235
Income from commissions and fees 31,904 36,138 27,160
Income from sales of goods and services 33,723 31,575 2,324
Net trading income (911) 60 80
Share of profit of equity accounted investees, net of tax 764,710 624,213 830,683
Dividends 633 698 453
Other income 24,326 28,954 53,102
Total external income 1,168,183 1,055,401 1,289,037
Elimination of intersegment amounts [member] | Merchant Banking      
Income      
Interest income 61,995 55,312 159,617
Income from commissions and fees 3,311 22,527 20,231
Income from sales of goods and services 2,901 1,929 1,844
Net trading income 3,719 765 2,201
Share of profit of equity accounted investees, net of tax 3,679 504 (341)
Dividends 3,305 2,246 1,449
Other income 7,558 20,224 (446)
Total external income 86,468 103,507 184,555
Elimination of intersegment amounts [member] | Pension and Severance Fund Management      
Income      
Interest income 416 1,158 3,588
Income from commissions and fees 616 1,295 254
Income from sales of goods and services 12,148 11,270 38,373
Net trading income 187 (634) 5,315
Other income 2,402 2,261 (24,025)
Total external income 15,769 15,350 23,505
Elimination of intersegment amounts [member] | Holding      
Income      
Interest income 38,975 37,181 31,624
Income from commissions and fees 253,803 284,991 292,641
Share of profit of equity accounted investees, net of tax 1,578,885 837,685 642,720
Other income 59 150 835
Total external income $ 1,871,722 $ 1,160,007 $ 967,820