Disclosure of detailed information about financial instruments [line items]

December 31, 2025


							Total loan
Portfolio segment	Loan Portfolio			Loss allowance			Portfolio, net
Commercial	Ps.	108,308,984		Ps.	4,261,931		Ps.	104,047,053
Interbank and overnight funds		1,777,516			148			1,777,368
Commercial, interbank and overnight funds	Ps.	110,086,500		Ps.	4,262,079		Ps.	105,824,421
Consumer		60,456,213			3,664,776			56,791,437
Mortgage		22,111,710			502,155			21,609,555
Microcredit		1,520			960			560
Total portfolio ⁽¹⁾	Ps.	192,655,943		Ps.	8,429,970		Ps.	184,225,973

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

December 31, 2024


							Total loan
Portfolio segment	Loan Portfolio			Loss allowance			Portfolio, net
Commercial	Ps.	115,414,643		Ps.	5,362,893		Ps.	110,051,750
Interbank and overnight funds		705,055			795			704,260
Commercial, interbank and overnight funds	Ps.	116,119,698		Ps.	5,363,688		Ps.	110,756,010
Consumer		61,976,325			4,166,018			57,810,307
Mortgage		22,035,727			473,315			21,562,412
Microcredit		4,375			3,618			757
Total portfolio	Ps.	200,136,125		Ps.	10,006,639		Ps.	190,129,486

Disclosure of credit quality of financial assets

Total Portfolio


		December 31, 2025 ⁽¹⁾
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	165,440,008		Ps.	3,450,456		Ps.	45,850		Ps.	168,936,314
7.5% - 15%			6,670,078			828,542			4,860			7,503,480
15% - 22.5%			640,933			580,074			12,169			1,233,176
22.5% - 30%			122,067			258,569			432			381,068
30% - 45%			184,363			1,746,377			71,536			2,002,276
45% - 60%			55,985			611,877			55			667,917
60% - 90%			5,616			1,127,578			13,724			1,146,918
> 90%			545			57,902			10,726,347			10,784,794
TOTAL		Ps.	173,119,595		Ps.	8,661,375		Ps.	10,874,973		Ps.	192,655,943

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		December 31, 2024
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	165,325,376		Ps.	2,733,552		Ps.	74,867		Ps.	168,133,795
7.5% - 15%			10,731,075			1,379,780			614			12,111,469
15% - 22.5%			535,897			447,250			97			983,244
22.5% - 30%			344,972			556,641			246			901,859
30% - 45%			185,460			1,570,202			1,795			1,757,457
45% - 60%			62,448			948,971			148			1,011,567
60% - 90%			9,205			1,818,316			105,882			1,933,403
> 90%			2,098			63,862			13,237,371			13,303,331
TOTAL		Ps.	177,196,531		Ps.	9,518,574		Ps.	13,421,020		Ps.	200,136,125

Commercial


		December 31, 2025 ⁽¹⁾
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	94,590,767		Ps.	2,072,599		Ps.	45,625		Ps.	96,708,991
7.5% - 15%			1,820,441			381,875			4,790			2,207,106
15% - 22.5%			94,162			38,927			12,158			145,247
22.5% - 30%			33,513			77,083			315			110,911
30% - 45%			44,839			1,111,043			71,456			1,227,338
45% - 60%			26,155			163,632			—			189,787
60% - 90%			2,380			70,348			7,486			80,214
> 90%			4			1,751			7,637,635			7,639,390
TOTAL		Ps.	96,612,261		Ps.	3,917,258		Ps.	7,779,465		Ps.	108,308,984

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		December 31, 2024
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	95,690,974		Ps.	1,061,196		Ps.	74,525		Ps.	96,826,695
7.5% - 15%			5,926,757			789,697			603			6,717,057
15% - 22.5%			91,248			147,840			8			239,096
22.5% - 30%			113,165			213,759			225			327,149
30% - 45%			69,485			950,652			1,711			1,021,848
45% - 60%			33,092			223,917			38			257,047
60% - 90%			2,895			76,708			97,492			177,095
> 90%			289			481			9,847,886			9,848,656
TOTAL		Ps.	101,927,905		Ps.	3,464,250		Ps.	10,022,488		Ps.	115,414,643

Consumer


		December 31, 2025 ⁽¹⁾
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	48,569,942		Ps.	1,240,167		Ps.	225		Ps.	49,810,334
7.5% - 15%			4,848,792			343,976			63			5,192,831
15% - 22.5%			546,704			455,732			8			1,002,444
22.5% - 30%			88,554			166,718			115			255,387
30% - 45%			139,524			271,471			75			411,070
45% - 60%			29,830			377,910			53			407,793
60% - 90%			3,236			961,948			6,228			971,412
> 90%			541			55,852			2,348,549			2,404,942
TOTAL		Ps.	54,227,123		Ps.	3,873,774		Ps.	2,355,316		Ps.	60,456,213

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		December 31, 2024
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	49,327,615		Ps.	1,473,359		Ps.	339		Ps.	50,801,313
7.5% - 15%			4,600,920			439,437			11			5,040,368
15% - 22.5%			377,855			148,417			89			526,361
22.5% - 30%			230,075			231,107			21			461,203
30% - 45%			115,355			342,328			84			457,767
45% - 60%			29,356			511,606			110			541,072
60% - 90%			6,280			1,478,181			8,389			1,492,850
> 90%			1,809			62,817			2,590,765			2,655,391
TOTAL		Ps.	54,689,265		Ps.	4,687,252		Ps.	2,599,808		Ps.	61,976,325

Mortgage


		December 31, 2025 ⁽¹⁾
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	20,501,276		Ps.	137,690		Ps.	—		Ps.	20,638,966
7.5% - 15%			809			102,691			7			103,507
15% - 22.5%			67			85,415			3			85,485
22.5% - 30%			—			14,768			2			14,770
30% - 45%			—			363,857			5			363,862
45% - 60%			—			70,335			2			70,337
60% - 90%			—			95,282			10			95,292
> 90%			—			299			739,192			739,491
TOTAL		Ps.	20,502,152		Ps.	870,337		Ps.	739,221		Ps.	22,111,710

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		December 31, 2024
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	19,602,506		Ps.	198,997		Ps.	3		Ps.	19,801,506
7.5% - 15%			201,894			150,646			—			352,540
15% - 22.5%			66,794			150,993			—			217,787
22.5% - 30%			1,718			111,771			—			113,489
30% - 45%			617			277,207			—			277,824
45% - 60%			—			213,437			—			213,437
60% - 90%			—			263,418			1			263,419
> 90%			—			564			795,161			795,725
TOTAL		Ps.	19,873,529		Ps.	1,367,033		Ps.	795,165		Ps.	22,035,727

Interbank and overnight funds


		December 31, 2025 ⁽¹⁾
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	1,777,516		Ps.	—		Ps.	—		Ps.	1,777,516
7.5% - 15%			—			—			—			—
15% - 22.5%			—			—			—			—
22.5% - 30%			—			—			—			—
30% - 45%			—			—			—			—
45% - 60%			—			—			—			—
60% - 90%			—			—			—			—
> 90%			—			—			—			—
TOTAL		Ps.	1,777,516		Ps.	—		Ps.	—		Ps.	1,777,516

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		December 31, 2024
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	703,863		Ps.	—		Ps.	—		Ps.	703,863
7.5% - 15%			1,192			—			—			1,192
15% - 22.5%			—			—			—			—
22.5% - 30%			—			—			—			—
30% - 45%			—			—			—			—
45% - 60%			—			—			—			—
60% - 90%			—			—			—			—
> 90%			—			—			—			—
TOTAL		Ps.	705,055		Ps.	—		Ps.	—		Ps.	705,055

Loan commitments and financial guarantee contracts


		December 31, 2025 ⁽¹⁾
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	29,737,149		Ps.	79,137		Ps.	1,020		Ps.	29,817,306
7.5% - 15%			626,507			564,672			199			1,191,378
15% - 22.5%			49,011			135,096			121			184,228
22.5% - 30%			17,503			13,908			65			31,476
30% - 45%			5,137			136,229			160			141,526
45% - 60%			1,066			56,557			195			57,818
60% - 90%			235			1,943			675			2,853
> 90%			14			431			191,562			192,007
TOTAL		Ps.	30,436,622		Ps.	987,973		Ps.	193,997		Ps.	31,618,592

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		December 31, 2024
		Total Exposure
PD Range		Stage 1			Stage 2			Stage 3			Total
0%- 7.5%		Ps.	25,001,252		Ps.	65,537		Ps.	666		Ps.	25,067,455
7.5% - 15%			460,057			437,341			46			897,444
15% - 22.5%			79,091			2,207,502			39			2,286,632
22.5% - 30%			22,053			6,514			29			28,596
30% - 45%			12,330			133,364			179			145,873
45% - 60%			539			74,023			52			74,614
60% - 90%			244			2,867			334			3,445
> 90%			5			2,370			169,987			172,362
TOTAL		Ps.	25,575,571		Ps.	2,929,518		Ps.	171,332		Ps.	28,676,421

Disclosure of other receivables

Other accounts receivable at amortized cost
		December 31, 2025⁽¹⁾
		Stage 1		Stage 2		Stage 3		Simplified Approach		Total
Other receivables using general approach
Other accounts receivable and contract assets for government and corporate customers	Ps.	15,180,937	Ps.	—	Ps.	—	Ps.	—	Ps.	15,180,937
Other accounts receivable related to gas, energy services, contributions and others		1,343,088		144,086		173,848		—		1,661,022
Other receivables using simplified approach
Other accounts receivable from individual customers		—		—		—		5,374,202		5,374,202
Total other receivables	Ps.	16,524,025	Ps.	144,086	Ps.	173,848	Ps.	5,374,202	Ps.	22,216,161

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line by line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non current assets held for sale”, see note 13.A.


		December 31, 2024
		Stage 1		Stage 2		Stage 3		Simplified Approach		Total
Other receivables using general approach
Other accounts receivable and contract assets for government and corporate customers	Ps.	15,962,982	Ps.	—	Ps.	1,298	Ps.	—	Ps.	15,964,280
Other accounts receivable related to gas, energy services, contributions and others		1,497,946		130,745		144,634		—		1,773,325
Other receivables using simplified approach
Other accounts receivable from individual customers		—		—		—		6,400,933		6,400,933
Total other receivables	Ps.	17,460,928	Ps.	130,745	Ps.	145,932	Ps.	6,400,933	Ps.	24,138,538

Disclosure of information about the exposure to credit risk and ECLs for other accounts receivables


		Weighted-		Gross
		(average loss		carrying			Loss			Credit-
December 31, 2025 ⁽¹⁾		rate )		amount			allowance			impaired
0–30 days past due		0.88	%	Ps.	3,808,294		Ps.	33,380	Ps.	—
31–60 days past due		0.82	%		113,701			927		—
61–90 days past due		0.22	%		456,361			1,022		—
More than 90 days past due		18.67	%		995,846			185,930		995,846
				Ps.	5,374,202		Ps.	221,259	Ps.	995,846

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


		Weighted-		Gross
		(average loss		carrying			Loss			Credit-
December 31, 2024		rate )		amount			allowance			impaired
0–30 days past due		0.54	%	Ps.	5,021,674		Ps.	26,971	Ps.	—
31–60 days past due		1.11	%		128,404			1,428		—
61–90 days past due		0.94	%		179,719			1,682		—
More than 90 days past due		13.88	%		1,071,136			148,658		1,071,136
				Ps.	6,400,933		Ps.	178,739	Ps.	1,071,136

Disclosure of mortgage loans and advances by range of lone-to-value (LTV) ratio


		December 31, 2025 ⁽¹⁾			December 31, 2024
LTV ratio
Less than 50%		Ps.	10,559,114		Ps.	9,427,666
51 – 70%			8,779,050			7,820,690
71 – 90%			2,382,447			3,964,073
91 – 100%			206,889			556,783
More than 100%			184,210			266,515
Total		Ps.	22,111,710		Ps.	22,035,727

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

Credit-impaired mortgage loans

For credit-impaired loans the value of collateral is based on the most recent appraisals.


		December 31, 2025 ⁽¹⁾			December 31, 2024
LTV ratio
Less than 50%		Ps.	240,489		Ps.	205,345
51 – 70%			360,955			320,667
More than 70%			137,777			269,153
Total		Ps.	739,221		Ps.	795,165

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

Disclosure of loss allowance on loans assuming each forward-looking scenario


		December 31, 2025 ⁽¹⁾						December 31, 2024
	Scenario A		Scenario B		Scenario C			Scenario A		Scenario B		Scenario C
Gross Exposure
Commercial	Ps.	108,308,984	Ps.	108,308,984	Ps.	108,308,984		Ps.	115,414,643	Ps.	115,414,643	Ps.	115,414,643
Consumer		60,456,213		60,456,213		60,456,213			61,976,325		61,976,325		61,976,325
Mortgages		22,111,710		22,111,710		22,111,710			22,035,727		22,035,727		22,035,727
Microcredit		1,520		1,520		1,520			4,375		4,375		4,375
Interbank and overnight funds		1,777,516		1,777,516		1,777,516			705,055		705,055		705,055
Total gross exposure	Ps.	192,655,943	Ps.	192,655,943	Ps.	192,655,943		Ps.	200,136,125	Ps.	200,136,125	Ps.	200,136,125

Loss Allowance for each scenario
Commercial	Ps.	4,218,378	Ps.	4,241,331	Ps.	4,286,802		Ps.	5,309,528	Ps.	5,336,949	Ps.	5,430,691
Consumer		3,619,488		3,651,503		3,720,068			4,118,656		4,168,736		4,239,720
Mortgages		499,989		500,866		506,196			468,275		471,634		480,073


		December 31, 2025 ⁽¹⁾						December 31, 2024
	Scenario A		Scenario B		Scenario C			Scenario A		Scenario B		Scenario C
Microcredit		958		959		961			3,611		3,610		3,613
Interbank and overnight funds		8,030		8,293		8,854			2,505		2,619		3,029
Total Loss Allowance	Ps.	8,346,843	Ps.	8,402,952	Ps.	8,522,881		Ps.	9,902,575	Ps.	9,983,548	Ps.	10,157,126

The table below shows the loan portfolio in Stage 2 for each scenario.

Proportion of Assets in Stage 2
Commercial		3.9	%	4.1	%	4.2		%	3.2	%	3.2	%	3.8	%
Consumer		6.4	%	6.3	%	6.3		%	7.6	%	8.2	%	8.7	%
Mortgages		3.8	%	3.8	%	3.8		%	6.0	%	8.4	%	8.4	%
Microcredit		0.5	%	0.5	%	0.5		%	0.9	%	0.9	%	0.9	%
Interbank and overnight funds		—	%	—	%	—		%	—	%	—	%	—	%

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

Disclosure of loss allowance


		December 31, 2025 ⁽¹⁾
		Stage 1			Stage 2			Stage 3
					Lifetime			Lifetime
					ECL not			ECL
		12-month			credit-			credit-			Simplified
		ECL			impaired			impaired			approach			Total
Loan portfolio
Loan commercial portfolio		Ps.	683,890		Ps.	220,828		Ps.	3,357,213		Ps.	—		Ps.	4,261,931
Loan consumer portfolio			1,104,503			703,634			1,856,639			—			3,664,776
Loan mortgage portfolio			78,738			64,868			358,549			—			502,155
Loan microcredit portfolio			15			—			945			—			960
Loan interbank and overnight funds portfolio			148			—			—			—			148
Total loan portfolio		Ps.	1,867,294		Ps.	989,330		Ps.	5,573,346		Ps.	—		Ps.	8,429,970
Investments in debt securities at amortized cost			8,278			—			—			—			8,278
Other accounts receivable			31,161			25,223			102,494			233,814			392,692
Total loss allowance financial assets at amortized cost		Ps.	1,906,733		Ps.	1,014,553		Ps.	5,675,840		Ps.	233,814		Ps.	8,830,940

Investments in debt securities at FVOCI		Ps.	26,558		Ps.	44		Ps.	—		Ps.	—		Ps.	26,602
Loan commitments and financial guarantee contracts			69,308			6,906			1,611			—			77,825
Total loss allowance		Ps.	2,002,599		Ps.	1,021,503		Ps.	5,677,451		Ps.	233,814		Ps.	8,935,367

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”,, see note 13.A


		December 31, 2024
		Stage 1			Stage 2			Stage 3
					Lifetime			Lifetime
					ECL not			ECL
		12-month			credit-			credit-			Simplified
		ECL			impaired			impaired			approach			Total
Loan portfolio
Loan commercial portfolio		Ps.	724,075		Ps.	217,588		Ps.	4,421,230		Ps.	—		Ps.	5,362,893
Loan consumer portfolio			1,105,918			927,310			2,132,790			—			4,166,018
Loan mortgage portfolio			60,088			71,839			341,388			—			473,315
Loan microcredit portfolio			59			14			3,545			—			3,618


		December 31, 2024
		Stage 1			Stage 2			Stage 3
					Lifetime			Lifetime
					ECL not			ECL
		12-month			credit-			credit-			Simplified
		ECL			impaired			impaired			approach			Total
Loan interbank and overnight funds portfolio			794			1			—			—			795
Total loan portfolio		Ps.	1,890,934		Ps.	1,216,752		Ps.	6,898,953		Ps.	—		Ps.	10,006,639
Investments in debt securities at amortized cost			14,329			4,346			—			—			18,675
Other accounts receivable			31,226			22,196			117,508			191,041			361,971
Total loss allowance financial assets at amortized cost		Ps.	1,936,489		Ps.	1,243,294		Ps.	7,016,461		Ps.	191,041		Ps.	10,387,285

Investments in debt securities at FVOCI		Ps.	18,310		Ps.	—		Ps.	—		Ps.	—		Ps.	18,310
Loan commitments and financial guarantee contracts			62,509			7,671			2,234			—			72,414
Total loss allowance		Ps.	2,017,308		Ps.	1,250,965		Ps.	7,018,695		Ps.	191,041		Ps.	10,478,009

Disclosure of loans stage 3 individually assessed for ECL the gross amount and loss allowance balances


	December 31, 2025 ⁽¹⁾
	Gross Amount Registered		Collateral Guarantees		Allowance Recognized
Without recognized provision
Commercial	Ps.	68	Ps.	—	Ps.	—
Subtotal	Ps.	68	Ps.	—	Ps.	—

With recognized provision
Commercial	Ps.	6,090,515	Ps.	300,598	Ps.	2,100,718
Consumer		13,117		1,841		4,755
Mortgage		11,435		—		2,889
Subtotal	Ps.	6,115,067	Ps.	302,439	Ps.	2,108,362
Totals
Commercial	Ps.	6,090,583	Ps.	300,598	Ps.	2,100,718
Consumer		13,117		1,841		4,755
Mortgage		11,435		—		2,889
Total	Ps.	6,115,135	Ps.	302,439	Ps.	2,108,362

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.


	December 31, 2024
	Gross Amount Registered		Collateral Guarantees		Allowance Recognized
Without recognized provision
Commercial	Ps.	262,667	Ps.	262,373	Ps.	—
Subtotal	Ps.	262,667	Ps.	262,373	Ps.	—

With recognized provision
Commercial	Ps.	7,775,982	Ps.	1,348,148	Ps.	2,950,023
Consumer		6,512		4,332		3,868
Mortgage		19,828		1,970		11,541
Subtotal	Ps.	7,802,322	Ps.	1,354,450	Ps.	2,965,432
Totals
Commercial	Ps.	8,038,649	Ps.	1,610,521	Ps.	2,950,023
Consumer		6,512		4,332		3,868
Mortgage		19,828		1,970		11,541
Total	Ps.	8,064,989	Ps.	1,616,823	Ps.	2,965,432

Disclosure of credit risk at the level in the different geographic areas


December 31, 2025		Commercial			Consumer			Mortgages			Microcredit			Interbank and overnight funds			Total
Colombia		Ps.	98,000,384		Ps.	60,447,939		Ps.	22,111,710		Ps.	1,520		Ps.	1,075,072		Ps.	181,636,625
United States			6,393,092			8,153			—			—			—			6,401,245
Panamá ⁽¹⁾			773,506			93			—			—			702,444			1,476,043
Guatemala			310,287			—			—			—			—			310,287
Costa Rica			176,154			—			—			—			—			176,154
El Salvador			123,951			—			—			—			—			123,951
Honduras			64,863			—			—			—			—			64,863
Other countries			2,466,747			28			—			—			—			2,466,775
Total gross loan portfolio		Ps.	108,308,984		Ps.	60,456,213		Ps.	22,111,710		Ps.	1,520		Ps.	1,777,516		Ps.	192,655,943

⁽¹⁾ The decrease corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.


December 31, 2024		Commercial			Consumer			Mortgages			Microcredit			Interbank and overnight funds			Total
Colombia		Ps.	95,610,708		Ps.	57,719,813		Ps.	18,494,856		Ps.	4,375		Ps.	395,382		Ps.	172,225,134
Panamá			9,455,147			4,248,452			3,540,871			—			214,187			17,458,657
United States			6,685,567			7,984			—			—			93,474			6,787,025
Guatemala			432,151			—			—			—			—			432,151
Costa Rica			125,689			—			—			—			2,012			127,701
Honduras			392,236			—			—			—			—			392,236
El Salvador			13,919			—			—			—			—			13,919
Nicaragua			412			—			—			—			—			412
Other countries			2,698,814			76			—			—			—			2,698,890
Total gross loan portfolio		Ps.	115,414,643		Ps.	61,976,325		Ps.	22,035,727		Ps.	4,375		Ps.	705,055		Ps.	200,136,125

Disclosure of investments in debt securities by location


			December 31,			December 31,
		2025			2024
Colombia		Ps.	50,054,384		Ps.	39,769,376
Panama⁽¹⁾			3,385,573			6,114,059
United States Of America⁽¹⁾			567,849			1,543,389
Brazil			188,017			128,970
Mexico			343,116			583,979
Costa Rica⁽¹⁾			—			110,714
Chile			372,114			524,430
Peru			231,408			443,698
Paraguay⁽¹⁾			—			102,473
Japan			25,795			22,957
Germany			15,437			15,806
Total by country		Ps.	55,183,693		Ps.	49,359,851
Bladex (Foreign Trade Bank of Latin America)			—			216,218
Andean Development Corporation (Corporación Andina de Fomento)			51,853			117,061
Inter-American Corporation for the Financing of Infrastructure			8,712			4,274

Multilateral		Ps.	60,565		Ps.	337,553
Total investments in debt securities		Ps.	55,244,258		Ps.	49,697,404

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

Disclosure of balance of restructured loans


Restructured loans		December 31, 2025			December 31, 2024
Local currency		Ps.	5,089,268		Ps.	5,495,475
Foreign currency ⁽¹⁾			33,430			1,955,612
Total restructured		Ps.	5,122,698		Ps.	7,451,087

⁽¹⁾ The decrease corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

Disclosure of detail of the guarantees, letters of credit and credit commitments on non-used credit lines

Loan commitments and financial guarantee contracts


		December 31, 2025 ⁽¹⁾			December 31, 2024
		Notional amount			Notional amount
Unused credit card limits		Ps.	14,847,091		Ps.	12,933,383
Approved credits not disbursed			6,792,792			5,432,167
Credit arrangements			5,108,039			4,583,513
Guarantees			2,199,093			3,082,949
Unused limits of overdrafts			2,271,247			2,261,456
Unused letters of credit			400,330			382,953
Total		Ps.	31,618,592		Ps.	28,676,421

Disclosure of detail of the credit commitments

December 31, 2025


		Gross			Gross Amounts			Net Amounts of			Gross Amounts Not
		Amounts of			Offset in the			Assets Presented in			Offset in the Consolidated Balance Sheet
		Recognized			Consolidated			the Consolidated			Financial			Cash collateral			Net
		Assets			Balance Sheet			Balance Sheet			Instruments			Received			Exposure
Offsetting assets
Derivatives		Ps.	2,453,579		Ps.	—		Ps.	2,453,579		Ps.	(2,039,389)		Ps.	(75,563)		Ps.	338,627
Repurchase agreements			2,233,729			—			2,233,729			(98,164)			—			2,135,565
Total		Ps.	4,687,308		Ps.	—		Ps.	4,687,308		Ps.	(2,137,553)		Ps.	(75,563)		Ps.	2,474,192


		Gross			Gross Amounts			Net Amounts of			Gross Amounts Not
		Amounts of			Offset in the			Liabilities Presented in			Offset in the Consolidated Balance Sheet
		Recognized			Consolidated			the Consolidated			Financial			Cash collateral			Net
		Liabilities			Balance Sheet			Balance Sheet			Instruments			Delivered			Exposure
Offsetting liabilities
Derivatives		Ps.	1,986,281		Ps.	—		Ps.	1,986,281		Ps.	(335,732)		Ps.	(269,536)		Ps.	1,381,013
Repurchase agreements			21,784,346			—			21,784,346			(22,357,129)			(184,107)			(756,890)
Total		Ps.	23,770,627		Ps.	—		Ps.	23,770,627		Ps.	(22,692,861)		Ps.	(453,643)		Ps.	624,123

December 31, 2024

Gross

Gross Amounts

Net Amounts of

Gross Amounts Not

Amounts of

Offset in the

Assets Presented in

Offset in the Consolidated Balance Sheet

Recognized

Consolidated

the Consolidated

Financial

Cash collateral

Net

 

Assets

 

Balance Sheet

 

Balance Sheet

 

Instruments

 

Received

 

Exposure

Offsetting assets

Derivatives

Ps.

1,023,313

Ps.

—

Ps.

1,023,313

Ps.

(1,951,440)

Ps.

(162,729)

Ps.

(1,090,856)

Repurchase agreements

1,940,488

—

1,940,488

(667)

—

1,939,821

Total

Ps.

2,963,801

Ps.

—

Ps.

2,963,801

Ps.

(1,952,107)

Ps.

(162,729)

Ps.

848,965

Gross

Gross Amounts

Net Amounts of

Gross Amounts Not

Amounts of

Offset in the

Liabilities Presented in

Offset in the Consolidated Balance Sheet

Recognized

Consolidated

the Consolidated

Financial

Cash collateral

Net

 

Liabilities

 

Balance Sheet

 

Balance Sheet

 

Instruments

 

Delivered

 

Exposure

Offsetting liabilities

Derivatives

Ps.

1,033,592

Ps.

—

Ps.

1,033,592

Ps.

(208,181)

Ps.

(71,745)

Ps.

753,666

Repurchase agreements

17,686,789

—

17,686,789

(20,719,224)

(336,987)

(3,369,422)

Total

Ps.

18,720,381

Ps.

—

Ps.

18,720,381

Ps.

(20,927,405)

Ps.

(408,732)

Ps.

(2,615,756)

Disclosure of market value-at-risk (VaR) for subsidiaries


		At December 31, 2025				At December 31, 2024
				Basis points of				Basis points of
Entity		Value at Risk		regulatory capital		Value at Risk		regulatory capital
Banco Bogotá S.A.	Ps.	311,408		50	Ps.	318,203		52
Banco de Occidente S.A.		152,515		43		381,972		113
Banco AV Villas S.A.		15,658		16		22,567		26
Banco Popular S.A. ⁽¹⁾		304,481		173		291,145		152
Corficolombiana S.A. ⁽¹⁾		294,820		674		320,096		674
Porvenir S.A.		4,352		53		3,832		57

⁽¹⁾ The market value at risk information corresponds to Banco Popular's consolidated information. Corficolombiana's information is presented separately, due to its materiality.

Disclosure of sensitivities of profit or loss before taxes and equity (OCI) to reasonably possible changes in exchange rates


December 31,2025	Increase			Decrease
	Ps.100 per U.S.			Ps.100 per U.S.
	dollar			dollar
Equity (mainly OCI) ⁽¹⁾	Ps.	1,591		Ps.	(1,591)
Profit and loss before taxes		(71,717)			71,717


December 31,2024		Increase			Decrease
		Ps.100 per U.S.			Ps.100 per U.S.
		dollar			dollar
Equity (mainly OCI) ⁽¹⁾		Ps.	1,801		Ps.	(1,801)
Profit and loss before taxes			(53,818)			53,818

⁽¹⁾ The sensitivity in equity considers mainly assets and liabilities of entities with functional currencies different from the Group’s presentation currency compensated with derivatives and financial labilities designated to hedge net investments in foreign operations.

Disclosure of results of NIM and EVE Shocks

The following section presents the results of the shocks applied to the EVE and NIM metrics as of December 31, 2025, and December 31, 2024, for individual results. Regarding the consolidated information, the results are presented only as of December 31, 2025:

Individual Results


		At December 31, 2025
		Parallel up	Parallel down		Steepener		Flattener	Short rate up	Short rate down

		(in Ps)
Banco de Bogotá		(1,598,433)	640,311		(92,600)		(749,886)	(1,005,023)	244,956
Banco de Occidente		(341,331)	(95,121)		109,053		(259,220)	(255,114)	3,285
Banco Popular		(362,219)	183,092		96,296		(145,824)	(266,231)	169,429
Banco AV Villas		(155,062)	13,969		38,056		(110,853)	(114,476)	38,071


		At December 31, 2024
		Parallel up	Parallel down		Steepener		Flattener	Short rate up	Short rate down

		(in Ps)
Banco de Bogotá		(1,216,132)	311,377		133,630		(657,975)	(692,773)	135,650
Banco de Occidente		(173,433)	(268,506)		130,669		(274,802)	(135,435)	67,438
Banco Popular		(408,513)	126,470		64,031		(199,153)	(255,127)	83,960
Banco AV Villas		(73,388)	(44,814)		53,457		(118,104)	(51,821)	9,886

Consolidated Results

Consolidated results are presented only for Banco de Bogotá and Banco de Occidente, as they are the only financial institutions with subsidiaries that have a defined Banking Book, in accordance with regulatory provisions.


		At December 31, 2025
		Parallel up	Parallel down		Steepener		Flattener	Short rate up	Short rate down

		(in Ps)
Banco de Bogotá		(1,654,667)	704,940		(93,334)		(761,522)	(1,037,879)	275,954
Banco de Occidente		(361,923)	(48,693)		93,238		(240,949)	(252,959)	(3,693)

Disclosure of breakdown of non-interest-bearing and interest-bearing assets and liabilities by interest rate type and by maturity

December 31,2025


		Under one year						Over one year						Non-
Assets ⁽¹⁾		Variable			Fixed			Variable			Fixed			interest			Total
Cash and cash equivalents		Ps.	2,843,399		Ps.	4,103,830		Ps.	—		Ps.	—		Ps.	12,407,481		Ps.	19,354,710
Trading investments in debt securities			169,009			1,919,857			131,985			15,361,993			—			17,582,844
Investments in debt securities at FVOCI			231,040			4,561,688			831,844			22,831,385			—			28,455,957
Investments in debt securities at amortized cost			5,351,209			1,890,797			—			1,963,451			—			9,205,457
Trade receivable at FVTPL			—			—			2,635,437			—			—			2,635,437
Commercial loans			38,255,304			11,022,924			50,293,877			8,736,879			—			108,308,984
Consumer loans			683,307			10,523,849			1,648,975			47,600,082			—			60,456,213
Mortgages loans			36,143			1,083,682			512,333			20,479,552			—			22,111,710
Microcredit loans			802			—			114			604			—			1,520
Interbank and overnight funds			—			1,777,516			—			—			—			1,777,516
Trade receivable			25,652			—			401,057			1,525,336			20,264,116			22,216,161
Total Assets		Ps.	47,595,865		Ps.	36,884,143		Ps.	56,455,622		Ps.	118,499,282		Ps.	32,671,597		Ps.	292,106,509
															—
		Under one year							Over one year					Non-
Liabilities ⁽²⁾		Variable			Fixed			Variable			Fixed			interest			Total
Checking accounts		Ps.	392,631		Ps.	5,991,973		Ps.	—		Ps.	—		Ps.	17,213,631		Ps.	23,598,235
Saving deposits			11,243,338			76,995,203			—			—			—			88,238,541
Time deposits			23,127,676			54,048,625			5,740,557			12,189,059			—			95,105,917
Other deposits			13,082			29,541			—			—			419,922			462,545
Interbank and overnight funds			255,945			22,399,480			—			—			—			22,655,425
Borrowing from banks and others			10,323,838			5,459,051			3,518,694			5,257,592			—			24,559,175
Long-term debt			2,151,022			4,280,592			5,638,943			9,386,429			—			21,456,986
Total Liabilities		Ps.	47,507,532		Ps.	169,204,465		Ps.	14,898,194		Ps.	26,833,080		Ps.	17,633,553		Ps.	276,076,824

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

⁽²⁾ As of December 2025, the liabilities related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Liabilities directly associated with non-current assets held for sale”, see note 13.A.

December 31,2024


		Under one year						Over one year						Non-
Assets		Variable			Fixed			Variable			Fixed			interest			Total
Cash and cash equivalents		Ps.	767,956		Ps.	5,902,022		Ps.	—		Ps.	—		Ps.	10,328,881		Ps.	16,998,859
Trading investments in debt securities			39,959			481,862			267,185			11,148,408			—			11,937,414
Investments in debt securities mandatorily at FVTPL			—			1,425			—			—			—			1,425
Investments in debt securities at FVOCI			18,733			4,576,159			949,667			21,505,639			—			27,050,198
Investments in debt securities at amortized cost			5,563,208			2,604,222			94,850			2,446,087			—			10,708,367
Trade receivable at FVTPL			—			—			4,181,835			—			—			4,181,835
Commercial loans			47,408,803			12,085,311			46,834,101			9,086,428			—			115,414,643
Consumer loans			828,680			10,058,687			5,666,008			45,422,950			—			61,976,325
Mortgages loans			58,686			931,590			4,022,386			17,023,065			—			22,035,727
Microcredit loans			1,342			2,059			151			823			—			4,375
Interbank and overnight funds			—			705,055			—			—			—			705,055
Trade receivable			15,598			5,845			356,931			1,873,177			21,886,987			24,138,538
Total Assets		Ps.	54,702,965		Ps.	37,354,237		Ps.	62,373,114		Ps.	108,506,577		Ps.	32,215,868		Ps.	295,152,761

		Under one year						Over one year						Non-
Liabilities		Variable			Fixed			Variable			Fixed			interest			Total
Checking accounts		Ps.	642,651		Ps.	5,421,425		Ps.	—		Ps.	—		Ps.	18,515,460		Ps.	24,579,536
Saving deposits			9,509,067			70,105,837			—			—			—			79,614,904
Time deposits			11,243,745			67,994,677			4,210,357			12,881,048			—			96,329,827
Other deposits			11,728			110,023			—			—			226,159			347,910
Interbank and overnight funds			336,770			18,172,999			—			—			—			18,509,769
Borrowing from banks and others			8,349,490			5,952,723			8,188,874			5,607,072			—			28,098,159
Long-term debt			810,630			905,693			7,368,553			17,130,971			—			26,215,847
Total Liabilities		Ps.	30,904,081		Ps.	168,663,377		Ps.	19,767,784		Ps.	35,619,091		Ps.	18,741,619		Ps.	273,695,952

Disclosure of IRL ratio amounts

 

(in Ps)

Banco de Bogotá

 

Banco de Occidente

 

Banco Popular

 

Banco AV Villas

 

Corficolombiana

 

2025

 

2024

 

2025

 

2024

 

2025

 

2024

 

2025

 

2024

 

2025

 

2024

IRL – 7 days

14,104

10,954

6,122

5,028

4,995

3,581

2,656

1,665

1,609

903

IRL – 30 days

5,290

2,929

3,375

1,814

1,573

894

1,315

688

810

561

Disclosure of flows of the financial assets and liabilities including contractual interest receivable and payable

December 31, 2025


		Less than			From one to six			From six to twelve			More than
Assets ⁽¹⁾		one month			months			months			a year			Total
Cash and cash equivalents		Ps.	19,354,710		Ps.	—		Ps.	—		Ps.	—		Ps.	19,354,710
Trading investments in debt securities			2,137,023			1,778,618			3,413,469			10,291,572			17,620,682
Investments in debt securities at FVOCI			452,819			1,799,620			2,192,120			28,678,618			33,123,177
Investments in debt securities at amortized cost			1,246,317			2,298,604			4,657,753			1,963,450			10,166,124
Commercial loans			10,257,908			30,969,302			16,646,031			72,688,388			130,561,629
Consumer loans			2,034,248			8,046,766			8,544,496			68,901,971			87,527,481
Mortgages loans			544,230			1,244,414			1,390,669			39,963,613			43,142,926
Microcredit loans			226			529			169			956			1,880
Interbank and overnight funds			1,773,392			4,125			—			—			1,777,517
Trading derivatives			742,356			800,086			267,223			727,255			2,536,920

Hedging derivatives			2,903			27,728			44,577			207,077			282,285
Trade receivable			2,014,113			328,378			19,339			22,489,768			24,851,598
Total Assets		Ps.	40,560,245		Ps.	47,298,170		Ps.	37,175,846		Ps.	245,912,668		Ps.	370,946,929

		Less than			From one to six			From six to twelve			More than
Liabilities ⁽²⁾		one month			months			months			a year			Total
Checking accounts		Ps.	23,598,235		Ps.	—		Ps.	—		Ps.	—		Ps.	23,598,235
Saving deposits			88,238,541			—			—			—			88,238,541
Time Deposits			12,207,927			44,796,477			23,537,597			21,155,408			101,697,409
Other deposits			432,549			29,996			—			—			462,545
Interbank and overnight funds			22,456,432			208,589			2,833			—			22,667,854
Borrowing from banks and others			1,197,304			6,658,939			7,630,961			13,470,640			28,957,844
Long-term debt			—			4,692,748			1,191,133			18,543,581			24,427,462
Trading derivatives			582,011			835,227			438,932			776,212			2,632,382
Hedging derivatives			34			107,001			21,434			6,246			134,715
Total Liabilities		Ps.	148,713,033		Ps.	57,328,977		Ps.	32,822,890		Ps.	53,952,087		Ps.	292,816,987

		Less than one			From one to			From six to			More than a
Commitments Loans		month			six months			twelve months			year			Total
Guarantees		Ps.	252,734		Ps.	372,873		Ps.	1,598,026		Ps.	33,874		Ps.	2,257,507
Standby letters of credit			7,416			87,122			294,149			12,200			400,887
Overdraft facility			2,271,247			—			—			—			2,271,247
Standby credit card facility			6,745,525			327,468			857,444			6,916,653			14,847,090
Undrawn approved loans			516,842			309,576			3,177,938			57,481			4,061,837
Total Commitments Loans		Ps.	9,793,764		Ps.	1,097,039		Ps.	5,927,557		Ps.	7,020,208		Ps.	23,838,568

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

⁽²⁾ As of December 2025, the liabilities related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Liabilities directly associated with non-current assets held for sale”, see note 13.A.

December 31, 2024


		Less than one			From one to			From six to			More than a
Assets		month			six months			twelve months			year			Total
Cash and cash equivalents		Ps.	16,998,859		Ps.	—		Ps.			Ps.	—		Ps.	16,998,859
Trading investments in debt securities			300,292			305,488			435,694			8,422,819			9,464,293
Investments in debt securities at FVOCI			401,816			1,811,929			3,252,189			24,381,983			29,847,917
Investments in debt securities at amortized cost			940,289			2,456,711			3,203,905			2,662,693			9,263,598
Commercial loans			14,582,605			31,222,986			18,300,276			71,697,670			135,803,537
Consumer loans			2,374,330			8,120,876			8,394,853			69,138,663			88,028,722
Mortgages loans			372,088			1,150,098			1,292,659			39,222,723			42,037,568
Microcredit loans			1,226			625			265			2,051			4,167
Interbank and overnight funds			703,330			1,799			—			—			705,129
Trading derivatives			376,454			325,466			144,525			170,457			1,016,902
Hedging derivatives			3,054			53,560			21,102			8,476			86,192
Trade receivable			2,864,204			318,938			4,548			25,143,889			28,331,579
Total Assets		Ps.	39,918,547		Ps.	45,768,476		Ps.	35,050,016		Ps.	240,851,424		Ps.	361,588,463

		Less than one			From one to			From six to			More than a
Liabilities		month			six months			twelve months			year			Total
Checking accounts		Ps.	24,579,536		Ps.	—		Ps.	—		Ps.	—		Ps.	24,579,536
Saving deposits			79,614,904			—			—			—			79,614,904
Time Deposits			9,186,183			49,090,487			25,405,518			18,863,479			102,545,667
Other deposits			235,111			111,456			—			1,343			347,910
Interbank and overnight funds			17,666,654			538,143			332,010			—			18,536,807
Borrowing from banks and others			1,995,053			10,510,170			4,796,438			13,359,839			30,661,500
Long-term debt			395,469			1,156,876			886,593			26,947,429			29,386,367
Trading derivatives			308,653			380,271			95,804			240,701			1,025,429
Hedging derivatives			1,369			8			3,220			4,180			8,777
Total Liabilities		Ps.	133,982,932		Ps.	61,787,411		Ps.	31,519,583		Ps.	59,416,971		Ps.	286,706,897

		Less than one			From one to			From six to			More than a
Commitments Loans		month			six months			twelve months			year			Total
Guarantees		Ps.	48,394		Ps.	360,652		Ps.	1,064,744		Ps.	1,629,771		Ps.	3,103,561
Standby letters of credit			26,546			145,194			195,627			16,905			384,272
Overdraft facility			1,861,943			26,281			32,113			341,120			2,261,457
Standby credit card facility			6,192,403			355,995			660,752			5,724,232			12,933,382
Undrawn approved loans			394,475			113,970			2,611,051			201,208			3,320,704
Total Commitments Loans		Ps.	8,523,761		Ps.	1,002,092		Ps.	4,564,287		Ps.	7,913,236		Ps.	22,003,376

Disclosure of macroeconomic variables used expected credit loss calculation


	2025	Expected for 2025 in 2024
	Real Scenario	Scenario A	Scenario B	Scenario C
Inflation	5.10%	3.90%	3.90%	3.67%
DTF Interest rate	8.95%	4.97%	6.03%	5.82%
GDP Growth	2.60%	0.55%	2.68%	3.75%
Unemployment rate	8.00%	11.46%	10.46%	9.99%

Disclosure of scenario probability weightings applied in measuring ECL


		2025						2024
		Scenario A		Scenario B		Scenario C		Scenario A		Scenario B		Scenario C
Scenario probability weighting		27%		56%		17%		27%		56%		17%

Disclosure of detailed information about financial instruments [line items]

Disclosure of economic scenario for key indicators of credit risk

The economic scenarios used as of December 31, 2025, and 2024 (one-year projections) include the following expected scenarios of key indicators (among others) for Panama.


	One year projection in 2025 ⁽²⁾			One year projection in 2024
	Scenario A	Scenario B	Scenario C	Scenario A	Scenario B	Scenario C
Inflation	2.51%	1.57%	1.21%	2.33%	2.15%	1.51%
Nominal interest rate variation	0.49%	(0.30%)	(0.42%)	0.14%	0.10%	(0.02%)
IMAE ⁽¹⁾	3.69%	4.12%	4.46%	2.79%	3.03%	3.42%

⁽¹⁾ Monthly Indicator of Economic Activity.

⁽²⁾ The Panama key indicators refer to Multi Financial Group. See note 13.B., "Discontinued operation related to Multi Financial Group”.

Disclosure of VaR calculation relating to each of the risk factors


Maximum, Minimum and Average VaR Values
At December 31, 2025
		Minimum		Average		Maximum		Period end
Interest rate	Ps.	53,274	Ps.	122,866	Ps.	156,064	Ps.	53,274
Exchange rate		146,593		194,097		255,463		255,463
Shares		1,240		1,799		2,083		1,240
Mutual funds		423		913		1,431		1,431

Maximum, Minimum and Average VaR Values
At December 31, 2024
		Minimum		Average		Maximum		Period end
Interest rate	Ps.	160,445	Ps.	427,563	Ps.	552,647	Ps.	160,445
Exchange rate		91,087		141,196		166,334		155,113
Shares		1,947		10,929		37,644		2,077
Mutual funds		411		1,549		2,788		568

Disclosure of detailed information about financial instruments [line items]

Disclosure of VaR calculation relating to each of the risk factors


Maximum, Minimum and Average VaR Values
At December 31, 2025⁽¹⁾
		Minimum		Average		Maximum		Period end
Interest rate	Ps.	220,418	Ps.	253,696	Ps.	296,841	Ps.	251,328
Exchange rate		32,932		44,440		58,254		32,932
Shares		175		12,995		26,680		175
Mutual funds		18,364		19,547		20,286		20,045


Maximum, Minimum and Average VaR Values
At December 31, 2024 ⁽¹⁾
		Minimum		Average		Maximum		Period end
Interest rate	Ps.	205,759	Ps.	328,266	Ps.	410,228	Ps.	205,759
Exchange rate		19,869		39,424		59,084		51,982
Shares		6,884		11,331		15,090		15,090
Mutual funds		18,201		19,668		23,969		18,314

⁽¹⁾ The market value at risk information corresponds to Banco Popular's consolidated information. Corficolombiana's information is presented separately, due to its materiality.

Disclosure of detailed information about financial instruments [line items]

Disclosure of VaR calculation relating to each of the risk factors


Maximum, Minimum and Average VaR Values
At December 31, 2025 ⁽¹⁾
		Minimum		Average		Maximum		Period end
Interest rate	Ps.	204,636	Ps.	240,097	Ps.	280,691	Ps.	261,509
Exchange rate		32,284		43,485		56,181		32,284
Shares		—		21,975		26,505		—
Mutual funds		1,021		1,139		1,341		1,027

⁽¹⁾ The market value at risk information at December 31, 2025 corresponds to Corficolombiana's separate information.


Maximum, Minimum and Average VaR Values
At December 31, 2024 ⁽¹⁾
		Minimum		Average		Maximum		Period end
Interest rate	Ps.	220,886	Ps.	271,679	Ps.	341,730	Ps.	252,417
Exchange rate		19,172		38,723		55,653		51,653
Shares		6,731		11,457		14,918		14,918
Mutual funds		983		1,200		1,424		1,108

⁽¹⁾ The market value at risk information at December 31, 2024 corresponds to Corficolombiana's separate information.

Disclosure of detailed information about financial instruments [line items]

Disclosure of credit worthiness


		December 31, 2025 ⁽¹⁾			December 31, 2024
Investment grade
Sovereign ⁽²⁾⁽⁴⁾		Ps.	492,675		Ps.	10,699,113
Other public entities ⁽³⁾			107,722			12,450
Corporate			3,781			3,996
Financial entities			126,993			161,465
Total investment grade		Ps.	731,171		Ps.	10,877,024
Speculative grade
Sovereign ⁽²⁾⁽⁴⁾		Ps.	15,817,843		Ps.	17,824
Other public entities ⁽³⁾			105,357			171,310
Corporate			22,896			30,527
Financial entities			905,577			840,729
Total Speculative grade		Ps.	16,851,673		Ps.	1,060,390
		Ps.	17,582,844		Ps.	11,937,414

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

⁽²⁾ A sovereign credit rating considers the risk of Treasury issuer or similar agency (government debt portfolio).

⁽³⁾ Corresponds to operations with government entities, including public administration in general (including regional and local governments).

⁽⁴⁾ During 2025, S&P Global Ratings downgraded the Government of Colombia’s rating from BBB- to BB+, which meant that the risk level shifted from investment grade to speculative.

Disclosure of credit worthiness


		December 31, 2025			December 31, 2024
Speculative grade
Corporate⁽¹⁾		Ps.	—		Ps.	1,425
Total Speculative grade		Ps.	—		Ps.	1,425

⁽¹⁾ Corresponds to the BOCEA issued by Titularizadora Colombiana, in which Banco AV Villas held a position. At maturity, on December 16, 2025, the entity exercised its right to convert the instrument into shares

Disclosure of balance of financial assets in investments debt securities


		December 31,			December 31,
In Colombian Pesos	2025⁽¹⁾			2024
Securities issued or secured by Colombian Government	Ps.	1,860,258		Ps.	2,553,693
Securities issued or secured by other Colombian Government entities		5,351,209			5,563,208
Others		—			32,759
Total In Colombian Pesos	Ps.	7,211,467		Ps.	8,149,660
In foreign currency
Securities issued or secured by foreign Governments	Ps.	30,540		Ps.	30,655
Securities issued or secured by other financial entities		1,963,450			2,350,549
Securities issued or secured by non-financial sector entities⁽¹⁾		—			145,553
Others⁽¹⁾		—			31,950
Total In foreign currency	Ps.	1,993,990		Ps.	2,558,707
Total investments in debt securities at amortized cost	Ps.	9,205,457		Ps.	10,708,367

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of loan allowance


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Loss allowance as of January 1, 2023		Ps.	58,160		Ps.	6,461		Ps.	289		Ps.	64,910
Transfers:
Transfer from stage 1 to stage 2			(1,690)			1,690			—			—
Transfer from stage 1 to stage 3			(218)			—			218			—
Transfer from stage 2 to stage 3			—			(329)			329			—
Transfer from stage 3 to stage 2			—			4			(4)			—
Transfer from stage 2 to stage 1			1,105			(1,105)			—			—
Transfer from stage 3 to stage 1			29			—			(29)			—
Net remeasurement of loss allowance			(14,124)			(769)			211			(14,682)
New loan commitments and financial guarantees issued			18,604			1,732			(65)			20,271
FX and other movements			(318)			(2)			—			(320)
Discontinued operations ⁽¹⁾			89									89
Loss allowance as of December 31, 2023		Ps.	61,637		Ps.	7,682		Ps.	949		Ps.	70,268
Transfers:
Transfer from stage 1 to stage 2			(1,233)			1,233			—			—
Transfer from stage 1 to stage 3			(503)			—			503			—
Transfer from stage 2 to stage 3			—			(167)			167			—
Transfer from stage 3 to stage 2			—			1			(1)			—
Transfer from stage 2 to stage 1			2,998			(2,998)			—			—
Transfer from stage 3 to stage 1			20			—			(20)			—
Net remeasurement of loss allowance			(17,928)			(14)			544			(17,398)
New loan commitments and financial guarantees issued			18,204			1,934			92			20,230
FX and other movements			220			—			—			220
Discontinued operations ⁽¹⁾			(906)			—			—			(906)
Loss allowance as of December 31, 2024		Ps.	62,509		Ps.	7,671		Ps.	2,234		Ps.	72,414
Transfers:
Transfer from stage 1 to stage 2			(1,094)			1,094			—			—
Transfer from stage 1 to stage 3			(226)			—			226			—
Transfer from stage 2 to stage 3			—			(219)			219			—
Transfer from stage 3 to stage 2			—			5			(5)			—
Transfer from stage 2 to stage 1			1,954			(1,954)			—			—
Transfer from stage 3 to stage 1			56			—			(56)			—
Net remeasurement of loss allowance			(17,120)			(1,671)			(1,070)			(19,861)
New loan commitments and financial guarantees issued			23,891			1,981			123			25,995
FX and other movements			(111)			(1)			(6)			(118)
Discontinued operations ⁽¹⁾			209			4			(46)			167
Reclassification MFG operation ⁽²⁾			(760)			(4)			(8)			(772)
Loss allowance as of December 31, 2025		Ps.	69,308		Ps.	6,906		Ps.	1,611		Ps.	77,825

⁽¹⁾ See note 13.B., “ Discontinued operation related to Multi Financial Group”.

⁽²⁾ Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of gross carrying amount


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Total portfolio as of January 1, 2023		Ps.	164,906,023		Ps.	11,774,908		Ps.	11,632,430		Ps.	188,313,361
Transfers:
Transfer from stage 1 to stage 2			(10,951,993)			10,951,993			—			—
Transfer from stage 1 to stage 3			(2,059,976)			—			2,059,976			—
Transfer from stage 2 to stage 3			—			(3,372,104)			3,372,104			—
Transfer from stage 2 to stage 1			9,137,025			(9,137,025)			—			—
Transfer from stage 3 to stage 2			—			876,973			(876,973)			—
Transfer from stage 3 to stage 1			509,414			—			(509,414)			—
New financial assets originated or purchased			111,919,244			2,583,927			8,250,075			122,753,246
Financial assets that have been paid			(103,065,373)			(3,798,676)			(7,734,476)			(114,598,525)
Net remeasurement of amortized cost and other receivables			1,032,328			(507,018)			97,065			622,375
Sale of loan portfolio-loss allowance ⁽⁴⁾			(2,369)			(1,809)			(357,202)			(361,380)
Sale of loan portfolio-cash ⁽⁴⁾			—			(694)			(112,766)			(113,460)
Gain or loss on sale portfolio ⁽⁴⁾			—			(59)			3,390			3,331
FX and other movements ⁽³⁾			(6,594,417)			(388,080)			(424,255)			(7,406,752)
Discontinued operations ⁽¹⁾			(191,326)			671,991			687,408			1,168,073
Write-offs			(114,019)			(540,280)			(3,522,200)			(4,176,499)
Total portfolio as of December 31, 2023		Ps.	164,524,561		Ps.	9,114,047		Ps.	12,565,162		Ps.	186,203,770
Transfers:
Transfer from stage 1 to stage 2			(9,506,321)			9,506,321			—			—
Transfer from stage 1 to stage 3			(2,324,339)			—			2,324,339			—
Transfer from stage 2 to stage 3			—			(3,841,435)			3,841,435			—
Transfer from stage 2 to stage 1			4,633,197			(4,633,197)			—			—
Transfer from stage 3 to stage 2			—			717,343			(717,343)			—
Transfer from stage 3 to stage 1			488,967			—			(488,967)			—
New financial assets originated or purchased			114,075,744			2,713,752			6,287,303			123,076,799
Financial assets that have been paid			(98,949,746)			(3,690,211)			(6,354,777)			(108,994,734)
Net remeasurement of amortized cost and other receivables			476,767			(811,893)			229,242			(105,884)
Sale of loan portfolio-loss allowance ⁽⁴⁾			(3,063)			(793)			(130,799)			(134,655)
Sale of loan portfolio-cash ⁽⁴⁾			(218,936)			(12,540)			(51,151)			(282,627)
Gain or loss on sale portfolio ⁽⁴⁾			(20)			(558)			664			86
FX and other movements ⁽³⁾			4,287,130			210,057			248,171			4,745,358
Discontinued operations ⁽¹⁾			(219,095)			660,046			673,825			1,114,776
Write-offs			(68,315)			(412,365)			(5,006,084)			(5,486,764)
Total portfolio as of December 31, 2024		Ps.	177,196,531		Ps.	9,518,574		Ps.	13,421,020		Ps.	200,136,125
Transfers:
Transfer from stage 1 to stage 2			(9,972,848)			9,972,848			—			—
Transfer from stage 1 to stage 3			(1,904,212)			—			1,904,212			—
Transfer from stage 2 to stage 3			—			(3,460,367)			3,460,367			—
Transfer from stage 2 to stage 1			4,099,867			(4,099,867)			—			—
Transfer from stage 3 to stage 2			—			598,857			(598,857)			—


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Transfer from stage 3 to stage 1			472,961			—			(472,961)			—
New financial assets originated or purchased			133,064,325			11,519,514			5,209,376			149,793,215
Financial assets that have been paid			(112,932,038)			(12,751,684)			(6,173,815)			(131,857,537)
Net remeasurement of amortized cost and other receivables			(973,288)			(463,725)			992,302			(444,711)
Sale of loan portfolio-loss allowance ⁽⁴⁾			(10)			(357)			(301,939)			(302,306)
Sale of loan portfolio-cash ⁽⁴⁾			(2)			(33)			(124,977)			(125,012)
Gain or loss on sale portfolio ⁽⁴⁾			(1)			(41)			12,181			12,139
FX and other movements ⁽³⁾			(4,700,309)			(248,985)			(228,152)			(5,177,446)
Discontinued operations ⁽¹⁾			922,799			112,276			75,139			1,110,214
Reclassification MFG operation ⁽²⁾			(12,067,196)			(1,670,297)			(1,078,234)			(14,815,727)
Write-offs			(86,984)			(365,338)			(5,220,689)			(5,673,011)
Total portfolio as of December 31, 2025		Ps.	173,119,595		Ps.	8,661,375		Ps.	10,874,973		Ps.	192,655,943

⁽¹⁾See note 13.B., “Discontinued operation related to Multi Financial Group”.

⁽²⁾ Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

⁽³⁾ Corresponds to the variation in the TRM between January and December: Ps. (652.07) per U.S. dollar in 2025, Ps. 587.1 in 2024, and Ps. (988.15) in 2023.

⁽⁴⁾ Sale of loan portfolio corresponds mainly to sale of microcredit portfolio, and impaired portfolio and/ or with an increase in credit risk.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of gross carrying amount


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Total portfolio as of January 1, 2023		Ps.	89,958,234		Ps.	5,672,094		Ps.	9,144,771		Ps.	104,775,099
Transfers:
Transfer from stage 1 to stage 2			(3,831,869)			3,831,869			—			—
Transfer from stage 1 to stage 3			(979,725)			—			979,725			—
Transfer from stage 2 to stage 3			—			(986,422)			986,422			—
Transfer from stage 2 to stage 1			4,428,540			(4,428,540)			—			—
Transfer from stage 3 to stage 2			—			327,479			(327,479)			—
Transfer from stage 3 to stage 1			216,849			—			(216,849)			—
New financial assets originated or purchased			75,428,992			924,475			1,156,101			77,509,568
Financial assets that have been paid			(66,409,339)			(1,587,486)			(3,472,586)			(71,469,411)
Net remeasurement of amortized cost and other receivables			526,100			(679,777)			1,585,087			1,431,410
Sale of loan portfolio-loss allowance			—			—			(194,305)			(194,305)
Sale of loan portfolio-cash			—			—			(78,613)			(78,613)
Gain or loss on sale portfolio			—			—			(7,415)			(7,415)
FX and other movements			(5,261,913)			(239,697)			(403,935)			(5,905,545)
Discontinued operations ⁽¹⁾			255,734			698,670			700,618			1,655,022
Write-offs			(3,303)			(2,131)			(662,559)			(667,993)
Total portfolio as of December 31, 2023		Ps.	94,328,300		Ps.	3,530,534		Ps.	9,188,983		Ps.	107,047,817
Transfers:
Transfer from stage 1 to stage 2			(3,045,688)			3,045,688			—			—
Transfer from stage 1 to stage 3			(1,417,659)			—			1,417,659			—
Transfer from stage 2 to stage 3			—			(1,317,836)			1,317,836			—
Transfer from stage 2 to stage 1			1,717,607			(1,717,607)			—			—
Transfer from stage 3 to stage 2			—			327,186			(327,186)			—
Transfer from stage 3 to stage 1			193,628			—			(193,628)			—
New financial assets originated or purchased			78,072,651			1,151,665			2,338,796			81,563,112
Financial assets that have been paid			(71,077,046)			(1,565,432)			(3,236,784)			(75,879,262)
Net remeasurement of amortized cost and other receivables			(385,444)			(828,388)			(84,314)			(1,298,146)
Sale of loan portfolio-loss allowance			—			—			(94,960)			(94,960)
Sale of loan portfolio-cash			—			—			(22,804)			(22,804)
Gain or loss on sale portfolio			—			—			5,633			5,633
FX and other movements			3,309,663			136,089			237,033			3,682,785
Discontinued operations ⁽¹⁾			236,432			706,131			687,735			1,630,298
Write-offs			(4,539)			(3,780)			(1,211,511)			(1,219,830)
Total portfolio as of December 31, 2024		Ps.	101,927,905		Ps.	3,464,250		Ps.	10,022,488		Ps.	115,414,643
Transfers:
Transfer from stage 1 to stage 2			(3,898,207)			3,898,207			—			—
Transfer from stage 1 to stage 3			(1,069,896)			—			1,069,896			—
Transfer from stage 2 to stage 3			—			(1,161,965)			1,161,965			—
Transfer from stage 2 to stage 1			1,220,996			(1,220,996)			—			—
Transfer from stage 3 to stage 2			—			278,400			(278,400)			—
Transfer from stage 3 to stage 1			184,074			—			(184,074)			—
New financial assets originated or purchased			85,047,055			10,307,334			2,317,075			97,671,464
Financial assets that have been paid			(77,680,078)			(10,557,970)			(2,988,923)			(91,226,971)
Net remeasurement of amortized cost and other receivables			(51,136)			(194,087)			(57,597)			(302,820)
Sale of loan portfolio-loss allowance			(3)			(3)			(186,840)			(186,846)
Sale of loan portfolio-cash			(1)			(1)			(114,772)			(114,774)
Gain or loss on sale portfolio			—			—			24,901			24,901
FX and other movements			(3,487,842)			(128,876)			(217,402)			(3,834,120)
Discontinued operations ⁽¹⁾			468,912			49,220			57,533			575,665
Reclassification MFG operation ⁽²⁾			(6,040,222)			(811,177)			(879,140)			(7,730,539)
Write-offs			(9,296)			(5,078)			(1,967,245)			(1,981,619)
Total portfolio as of December 31, 2025		Ps.	96,612,261		Ps.	3,917,258		Ps.	7,779,465		Ps.	108,308,984

⁽¹⁾See note 13.B., “Discontinued operation related to Multi Financial Group”.

⁽²⁾ Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of gross carrying amount


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Total portfolio as of January 1, 2023		Ps.	5,967,742		Ps.	—		Ps.	1		Ps.	5,967,743
New financial assets originated or purchased			206,661			—			—			206,661
Financial assets that have been paid			(6,003,176)			—			—			(6,003,176)
Net remeasurement of amortized cost and other receivables			(1,390)			—			(1)			(1,391)
FX and other movements			222,770			—			—			222,770
Total portfolio as of December 31, 2023		Ps.	392,607		Ps.	—		Ps.	—		Ps.	392,607
New financial assets originated or purchased			415,418			—			—			415,418
Financial assets that have been paid			(141,132)			—			—			(141,132)
Net remeasurement of amortized cost and other receivables			1,870			—			—			1,870
FX and other movements			36,292			—			—			36,292
Total portfolio as of December 31, 2024		Ps.	705,055		Ps.	—		Ps.	—		Ps.	705,055
New financial assets originated or purchased			2,251,099			—			—			2,251,099
Financial assets that have been paid			(940,957)			—			—			(940,957)


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Net remeasurement of amortized cost and other receivables			(2,812)			—			—			(2,812)
FX and other movements			(94,073)			—			—			(94,073)
Discontinued operations ⁽¹⁾			(1,904)			—			—			(1,904)
Reclassification MFG operation ⁽²⁾			(138,892)			—			—			(138,892)
Total portfolio as of December 31, 2025		Ps.	1,777,516		Ps.	—		Ps.	—		Ps.	1,777,516

⁽¹⁾See note 13.B., “Discontinued operation related to Multi Financial Group”.

⁽²⁾ Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of gross carrying amount


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Total portfolio as of January 1, 2023		Ps.	52,529,128		Ps.	4,928,963		Ps.	1,961,353		Ps.	59,419,444
Transfers:
Transfer from stage 1 to stage 2			(5,701,009)			5,701,009			—			—
Transfer from stage 1 to stage 3			(1,029,073)			—			1,029,073			—
Transfer from stage 2 to stage 3			—			(2,089,300)			2,089,300			—
Transfer from stage 2 to stage 1			3,616,500			(3,616,500)			—			—
Transfer from stage 3 to stage 2			—			480,525			(480,525)			—
Transfer from stage 3 to stage 1			212,519			—			(212,519)			—
New financial assets originated or purchased			32,474,640			1,586,440			4,957,874			39,018,954
Financial assets that have been paid			(28,331,264)			(2,095,326)			(2,091,623)			(32,518,213)
Net remeasurement of amortized cost and other receivables			296,415			140,719			(1,523,793)			(1,086,659)
Sale of loan portfolio-loss allowance			(2,369)			(1,809)			(162,897)			(167,075)
Sale of loan portfolio-cash			—			(694)			(34,153)			(34,847)
Gain or loss on sale portfolio			—			(59)			10,805			10,746
FX and other movements			(832,014)			(77,989)			(5,218)			(915,221)
Discontinued operations ⁽¹⁾			(275,419)			(13,883)			(4,972)			(294,274)
Write-offs			(101,945)			(533,321)			(2,797,978)			(3,433,244)
Total portfolio as of December 31, 2023		Ps.	52,856,109		Ps.	4,408,775		Ps.	2,734,727		Ps.	59,999,611
Transfers:
Transfer from stage 1 to stage 2			(4,910,035)			4,910,035			—			—
Transfer from stage 1 to stage 3			(855,865)			—			855,865			—
Transfer from stage 2 to stage 3			—			(2,127,198)			2,127,198			—
Transfer from stage 2 to stage 1			1,875,510			(1,875,510)			—			—
Transfer from stage 3 to stage 2			—			291,914			(291,914)			—
Transfer from stage 3 to stage 1			204,521			—			(204,521)			—
New financial assets originated or purchased			29,868,948			1,482,560			3,834,567			35,186,075


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Financial assets that have been paid			(25,133,605)			(1,989,366)			(2,953,030)			(30,076,001)
Net remeasurement of amortized cost and other receivables			601,994			(26,806)			260,780			835,968
Sale of loan portfolio-loss allowance			(21)			(602)			(9,441)			(10,064)
Sale of loan portfolio-cash			(5)			(143)			(1,510)			(1,658)
Gain or loss on sale portfolio			(20)			(558)			(4,969)			(5,547)
FX and other movements			523,841			25,899			479			550,219
Discontinued operations ⁽¹⁾			(300,151)			(16,169)			(6,271)			(322,591)
Write-offs			(41,956)			(395,579)			(3,742,152)			(4,179,687)
Total portfolio as of December 31, 2024		Ps.	54,689,265		Ps.	4,687,252		Ps.	2,599,808		Ps.	61,976,325
Transfers:
Transfer from stage 1 to stage 2			(4,500,953)			4,500,953			—			—
Transfer from stage 1 to stage 3			(777,987)			—			777,987			—
Transfer from stage 2 to stage 3			—			(1,909,116)			1,909,116			—
Transfer from stage 2 to stage 1			1,737,149			(1,737,149)			—			—
Transfer from stage 3 to stage 2			—			216,466			(216,466)			—
Transfer from stage 3 to stage 1			189,616			—			(189,616)			—
New financial assets originated or purchased			38,775,713			1,038,560			2,732,577			42,546,850
Financial assets that have been paid			(31,372,070)			(2,079,908)			(2,991,735)			(36,443,713)
Net remeasurement of amortized cost and other receivables			(678,545)			(128,026)			1,063,142			256,571
Sale of loan portfolio-loss allowance			(7)			(354)			(115,099)			(115,460)
Sale of loan portfolio-cash			(1)			(32)			(10,205)			(10,238)
Gain or loss on sale portfolio			(1)			(41)			(12,720)			(12,762)
FX and other movements			(670,881)			(35,340)			1,410			(704,811)
Discontinued operations ⁽¹⁾			306,917			26,258			8,186			341,361
Reclassification MFG operation ⁽²⁾			(3,427,598)			(362,754)			(45,767)			(3,836,119)
Write-offs			(43,494)			(342,995)			(3,155,302)			(3,541,791)
Total portfolio as of December 31, 2025		Ps.	54,227,123		Ps.	3,873,774		Ps.	2,355,316		Ps.	60,456,213

⁽¹⁾See note 13.B., “Discontinued operation related to Multi Financial Group”.

⁽²⁾ Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of gross carrying amount


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Total portfolio as of January 1, 2023		Ps.	16,226,428		Ps.	1,159,795		Ps.	497,132		Ps.	17,883,355
Transfers:
Transfer from stage 1 to stage 2			(1,382,946)			1,382,946			—			—
Transfer from stage 1 to stage 3			(40,569)			—			40,569			—
Transfer from stage 2 to stage 3			—			(271,352)			271,352			—
Transfer from stage 2 to stage 1			1,082,759			(1,082,759)			—			—
Transfer from stage 3 to stage 2			—			66,023			(66,023)			—
Transfer from stage 3 to stage 1			79,530			—			(79,530)			—
New financial assets originated or purchased			3,594,678			71,625			2,094,419			5,760,722
Financial assets that have been paid			(2,142,766)			(109,535)			(2,147,384)			(4,399,685)
Net remeasurement of amortized cost and other receivables			207,149			30,833			56,297			294,279
FX and other movements			(723,260)			(70,394)			(15,102)			(808,756)
Discontinued operations ⁽¹⁾			(171,641)			(12,796)			(8,238)			(192,675)
Write-offs			(8,365)			(3,601)			(39,068)			(51,034)
Total portfolio as of December 31, 2023		Ps.	16,720,997		Ps.	1,160,785		Ps.	604,424		Ps.	18,486,206
Transfers:
Transfer from stage 1 to stage 2			(1,532,164)			1,532,164			—			—
Transfer from stage 1 to stage 3			(45,518)			—			45,518			—
Transfer from stage 2 to stage 3			—			(381,561)			381,561			—
Transfer from stage 2 to stage 1			1,036,878			(1,036,878)			—			—
Transfer from stage 3 to stage 2			—			96,914			(96,914)			—
Transfer from stage 3 to stage 1			90,665			—			(90,665)			—
New financial assets originated or purchased			5,389,137			63,254			55,457			5,507,848
Financial assets that have been paid			(2,280,712)			(116,394)			(127,047)			(2,524,153)
Net remeasurement of amortized cost and other receivables			254,106			43,166			61,477			358,749
FX and other movements			417,334			48,069			10,659			476,062
Discontinued operations ⁽¹⁾			(155,376)			(29,916)			(7,639)			(192,931)
Write-offs			(21,818)			(12,570)			(41,666)			(76,054)
Total portfolio as of December 31, 2024		Ps.	19,873,529		Ps.	1,367,033		Ps.	795,165		Ps.	22,035,727
Transfers:
Transfer from stage 1 to stage 2			(1,573,688)			1,573,688			—			—
Transfer from stage 1 to stage 3			(56,288)			—			56,288			—
Transfer from stage 2 to stage 3			—			(389,286)			389,286			—
Transfer from stage 2 to stage 1			1,141,698			(1,141,698)			—			—
Transfer from stage 3 to stage 2			—			103,954			(103,954)			—
Transfer from stage 3 to stage 1			99,271			—			(99,271)			—
New financial assets originated or purchased			6,990,303			173,598			157,440			7,321,341
Financial assets that have been paid			(2,938,553)			(113,749)			(185,270)			(3,237,572)
Net remeasurement of amortized cost and other receivables			(240,808)			(141,601)			(18,894)			(401,303)
FX and other movements			(447,513)			(84,769)			(12,160)			(544,442)
Discontinued operations ⁽¹⁾			148,874			36,798			9,420			195,092
Reclassification MFG operation ⁽²⁾			(2,460,484)			(496,366)			(153,327)			(3,110,177)
Write-offs			(34,189)			(17,265)			(95,502)			(146,956)
Total portfolio as of December 31, 2025		Ps.	20,502,152		Ps.	870,337		Ps.	739,221		Ps.	22,111,710

⁽¹⁾See note 13.B., “Discontinued operation related to Multi Financial Group”.

⁽²⁾ Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of gross carrying amount


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Total portfolio as of January 1, 2023		Ps.	224,491		Ps.	14,056		Ps.	29,173		Ps.	267,720
Transfers:
Transfer from stage 1 to stage 2			(36,169)			36,169			—			—
Transfer from stage 1 to stage 3			(10,609)			—			10,609			—
Transfer from stage 2 to stage 3			—			(25,030)			25,030			—
Transfer from stage 2 to stage 1			9,226			(9,226)			—			—
Transfer from stage 3 to stage 2			—			2,946			(2,946)			—
Transfer from stage 3 to stage 1			516			—			(516)			—
New financial assets originated or purchased			214,273			1,387			41,681			257,341
Financial assets that have been paid			(178,828)			(6,329)			(22,883)			(208,040)
Net remeasurement of amortized cost and other receivables			4,054			1,207			(20,525)			(15,264)
Write-offs			(406)			(1,227)			(22,595)			(24,228)
Total portfolio as of December 31, 2023		Ps.	226,548		Ps.	13,953		Ps.	37,028		Ps.	277,529
Transfers:
Transfer from stage 1 to stage 2			(18,434)			18,434			—			—
Transfer from stage 1 to stage 3			(5,297)			—			5,297			—
Transfer from stage 2 to stage 3			—			(14,840)			14,840			—
Transfer from stage 2 to stage 1			3,202			(3,202)			—			—
Transfer from stage 3 to stage 2			—			1,329			(1,329)			—
Transfer from stage 3 to stage 1			153			—			(153)			—
New financial assets originated or purchased			329,590			16,273			58,483			404,346
Financial assets that have been paid			(317,251)			(19,019)			(37,916)			(374,186)
Net remeasurement of amortized cost and other receivables			4,241			135			(8,701)			(4,325)
Sale of loan portfolio-loss allowance			(3,042)			(191)			(26,398)			(29,631)
Sale of loan portfolio-cash			(218,931)			(12,397)			(26,837)			(258,165)
Write-offs			(2)			(436)			(10,755)			(11,193)
Total portfolio as of December 31, 2024		Ps.	777		Ps.	39		Ps.	3,559		Ps.	4,375
Transfers:
Transfer from stage 1 to stage 3			(41)			—			41			—
Transfer from stage 2 to stage 1			24			(24)			—			—
Transfer from stage 3 to stage 2			—			37			(37)			—
New financial assets originated or purchased			155			22			2,284			2,461
Financial assets that have been paid			(380)			(57)			(7,887)			(8,324)
Net remeasurement of amortized cost and other receivables			13			(11)			5,651			5,653
Write-offs			(5)			—			(2,640)			(2,645)
Total portfolio as of December 31, 2025		Ps.	543		Ps.	6		Ps.	971		Ps.	1,520

Disclosure of detailed information about financial instruments [line items]

Disclosure of credit worthiness

December 31, 2025

Stage 1

Stage 2

Stage 3

Total

Speculative grade

Sovereign ⁽¹⁾⁽²⁾

Ps.

15,180,937

Ps.

—

Ps.

—

Ps.

15,180,937

Total speculative grade

Ps.

15,180,937

Ps.

—

Ps.

—

Ps.

15,180,937

⁽¹⁾ Sovereign credit rating is considered as the risk of the Treasury issuer or a similar agency (government debt portfolio).

⁽²⁾ During 2025, S&P Global Ratings downgraded the Government of Colombia’s rating from BBB- to BB+, which meant that the risk level shifted from investment grade to speculative.

December 31, 2024

Stage 1

Stage 2

Stage 3

Total

Investment grade

Sovereign ⁽¹⁾

Ps.

15,962,982

Ps.

—

Ps.

—

Ps.

15,962,982

Corporate

—

1,298

Total investment grade

Ps.

15,962,982

Ps.

—

Ps.

1,298

Ps.

15,964,280

⁽¹⁾ Sovereign credit rating is considered as the risk of the Treasury issuer or a similar agency (government debt portfolio).

Disclosure of detailed information about financial instruments [line items]

Disclosure of credit worthiness

e)

Other accounts receivable at FVTPL


		December 31, 2025			December 31, 2024
Investment grade
Sovereign ^(1)(2)(4)		Ps.	—		Ps.	4,181,835
Total investment grade		Ps.	—		Ps.	4,181,835
Speculative grade
Sovereign ^(1)(2)(3)(4)		Ps.	2,635,437		Ps.	—
Total speculative grade		Ps.	2,635,437		Ps.	—
		Ps.	2,635,437		Ps.	4,181,835

⁽¹⁾ Sovereign credit rating is considered as the risk of the Treasury issuer or a similar agency (government debt portfolio).

⁽²⁾ Sovereign corresponds to the financial assets in concession arrangements rights at fair value.

⁽³⁾During 2025, S&P Global Ratings downgraded the Government of Colombia’s rating from BBB- to BB+, which meant that the risk level shifted from investment grade to speculative.

⁽⁴⁾ See Note 12.1 “Financial assets in concession arrangements”.

Disclosure of detailed information about financial instruments [line items]

Disclosure of reconciliations of loan allowance


					Stage 2
					Lifetime			Stage 3
		Stage 1			ECL not			Lifetime
		12-month			credit-			ECL credit-
		ECL			impaired			impaired			Total
Loss allowance balance as of January 1, 2023		Ps.	28,563		Ps.	8,367		Ps.	—		Ps.	36,930
Transfer from stage 2 to stage 1			1,485			(1,485)			—			—
Net remeasurement of loss allowance⁽⁵⁾			(14,315)			(996)			—			(15,311)
New financial assets originated or purchased			2,669			—			—			2,669
Financial assets that have been derecognized			(1,466)			—			—			(1,466)
FX and other movements			(4,323)			(1,617)			—			(5,940)
Loss allowance balance as of December 31, 2023		Ps.	12,613		Ps.	4,269		Ps.	—		Ps.	16,882
Net remeasurement of loss allowance ⁽⁴⁾			(1,774)			(562)			—			(2,336)
New financial assets originated or purchased			3,279			—			—			3,279
Financial assets that have been derecognized			(1,366)			—			—			(1,366)
FX and other movements			1,577			639			—			2,216
Loss allowance balance as of December 31, 2024		Ps.	14,329		Ps.	4,346		Ps.	—		Ps.	18,675
Transfer from stage 2 to stage 1			4,346			(4,346)			—			—
Net remeasurement of loss allowance ⁽³⁾			(6,960)			—			—			(6,960)
New financial assets originated or purchased			4,268			—			—			4,268
Financial assets that have been derecognized			(1,531)			—			—			(1,531)
Discontinued operations ⁽¹⁾			(3,722)			—			—			(3,722)
Reclassification MFG operation ⁽²⁾			(901)			—			—			(901)
FX and other movements			(1,551)			—			—			(1,551)
Loss allowance balance as of December 31, 2025		Ps.	8,278		Ps.	—		Ps.	—		Ps.	8,278

⁽¹⁾See note 13.B., “Discontinued operation related to Multi Financial Group”.

⁽²⁾Corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

⁽³⁾ This amount includes impact of the measurement of ECL due to changes made in PDs/LGDs/EADs and changes made to model assumptions and methodologies

from the opening to the closing balance. The following table shows the impact by stage estimated using all parameters as of December 31, 2025 versus parameters as of December 31, 2024 and the investments portfolio as of December 31, 2025.


December 31, 2025
			Stage 2			Stage 3
Stage 1			Lifetime ECL not			Lifetime ECL
12-month ECL			credit-impaired			credit-impaired			Total
Ps.	262		Ps.	—		Ps.	—		Ps.	262

⁽⁴⁾ This amount includes impact of the measurement of ECL due to changes made in PDs/LGDs/EADs and changes made to model assumptions and methodologies from the opening to the closing balance. The following table shows the impact by stage estimated using all parameters as of December 31, 2024 versus parameters as of December 31, 2023 and the investments portfolio as of December 31, 2024.


December 31, 2024
				Stage 2			Stage 3
	Stage 1			Lifetime ECL not			Lifetime ECL
	12-month ECL			credit-impaired			credit-impaired			Total
Ps.	(404)		Ps.	—		Ps.	—		Ps.	(404)

⁽⁵⁾ This amount includes impact of the measurement of ECL due to changes made in PDs/LGDs/EADs and changes made to model assumptions and methodologies from the opening to the closing balance. The following table shows the impact by stage estimated using all parameters as of December 31, 2023 versus parameters as of December 31, 2022 and the investments portfolio as of December 31, 2023.


December 31, 2023
				Stage 2			Stage 3
	Stage 1			Lifetime ECL not			Lifetime ECL
	12-month ECL			credit-impaired			credit-impaired			Total
Ps.	9,632		Ps.	—		Ps.	—		Ps.	9,632

Disclosure of detailed information about financial instruments [line items]

Disclosure of balance of financial assets in investments debt securities


	December 31,		December 31,
	2025⁽¹⁾		2024
In Colombian Pesos


	December 31,			December 31,
	2025⁽¹⁾			2024
Securities issued or secured by Colombian Government	Ps.	22,233,814		Ps.	15,207,640
Securities issued or secured by other Colombian Government entities		257,482			173,682
Securities issued or secured by other financial entities		658,535			813,342
Securities issued or secured by non-financial sector entities		3,003			3,968
Others		87,176			202,264
Total In Colombian Pesos	Ps.	23,240,010		Ps.	16,400,896
In foreign currency
Securities issued or secured by Colombian Government	Ps.	2,368,885		Ps.	3,060,268
Securities issued or secured by other Colombian Government entities		248,770			289,063
Securities issued or secured by foreign Governments⁽¹⁾		1,334,686			4,502,810
Securities issued or secured by central banks⁽¹⁾		—			204,855
Securities issued or secured by other financial entities		1,095,010			1,813,441
Securities issued or secured by non-financial sector entities⁽¹⁾		19,615			245,692
Others		148,981			533,173
Total In foreign currency	Ps.	5,215,947		Ps.	10,649,302
Total debt securities at FVOCI	Ps.	28,455,957		Ps.	27,050,198

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line-by-line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

Disclosure of detailed information about financial instruments [line items]