HEDGE ACCOUNTING (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Document Information [Line Items] |
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| Disclosure of detailed information about fluctuation in foreign exchange rates [Text Block] |
| | | | | Date | | Value of US$ 1 | | Variation in pesos | December 31, 2023 | | 3,822.05 | | (988.15) | December 31, 2024 | | 4,409.15 | | 587.10 | December 31, 2025 | | 3,757.08 | | (652.07) |
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| Disclosure of detailed information about movements in other comprehensive income related to hedges of net investment in foreign operations |
According to the information described above, the following table shows movements of OCI gross of taxes, related to hedges of net investment in foreign operations: Total OCI Movements Related to Hedges of Net Investment in Foreign Operations from January 1 to December 31, 2025 | | | | | | | | | | | | |
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| | | | Hedging | | Hedging | | | |
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| | Hedged | | non-derivative | | derivative | | Net OCI |
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Investment | | Item | | instrument | | instrument | | account |
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Multi Financial Holding | | Ps. | (306,047) | | Ps. | 299,545 | | Ps. | — | | Ps. | (6,502) | Other subsidiaries and branches Banco de Bogotá (1) | | | (111,614) | | | 107,115 | | | — | | | (4,499) | Occidental Bank Barbados Ltd. | | | (29,882) | | | 29,882 | | | — | | | — | Banco de Occidente (Panamá) S.A. | | | (54,605) | | | 54,605 | | | — | | | — | Sociedad Portuaria El Cayao S.A. E.S.P. | | | (16,652) | | | 16,652 | | | — | | | — | Gases del Pacífico S.A.C. | | | (21,212) | | | 15,335 | | | — | | | (5,877) | Gas Natural de Lima y Callao S.A.C. – Calidda | | | (71,648) | | | 71,648 | | | — | | | — | Promigas Perú S.A.C. | | | (3,143) | | | 3,143 | | | — | | | — | Gases del Norte del Perú S.A.C. | | | (15,654) | | | 15,654 | | | — | | | — | Promigas Panamá Corporation | | | (2) | | | 2 | | | — | | | — | Promigas USA INC | | | (6) | | | 6 | | | — | | | — | Total | | Ps. | (630,465) | | Ps. | 613,587 | | Ps. | — | | Ps. | (16,878) |
(1) Includes Banco de Bogotá Panamá, Ficentro, and contributions of foreign branches in Miami and New York. Total OCI Movements Related to Hedges of Net Investment in Foreign Operations from January 1 to December 31, 2024 | | | | | | | | | | | | |
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| | | | Hedging | | Hedging | | | |
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| | Hedged | | non-derivative | | derivative | | Net OCI |
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Investment | | Item | | instrument | | instrument | | account |
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Multi Financial Holding | | Ps. | 248,173 | | Ps. | (244,040) | | Ps. | — | | Ps. | 4,133 | Other subsidiaries and branches Banco de Bogotá (1) | | | 93,700 | | | (88,419) | | | — | | | 5,281 | Occidental Bank Barbados Ltd. | | | 23,613 | | | (23,613) | | | — | | | — | Banco de Occidente (Panamá) S.A. | | | 39,893 | | | (39,893) | | | — | | | — | Sociedad Portuaria El Cayao S.A. E.S.P. | | | 15,975 | | | (15,974) | | | — | | | 1 | Gases del Pacífico S.A.C. | | | 18,181 | | | (12,890) | | | — | | | 5,291 | Gas Natural de Lima y Callao S.A.C. – Calidda | | | 58,205 | | | (58,205) | | | — | | | — | Promigas Perú S.A.C. | | | 2,830 | | | (2,830) | | | — | | | — | Gases del Norte del Perú S.A.C. | | | 14,139 | | | (14,139) | | | — | | | — | Promigas Panamá Corporation | | | — | | | — | | | — | | | — | Promigas USA INC | | | 4 | | | (4) | | | — | | | — | Total | | Ps. | 514,713 | | Ps. | (500,007) | | Ps. | — | | Ps. | 14,706 |
(1) Includes Banco de Bogotá Panamá, Banco Bogotá Finance, Ficentro, and contributions of foreign branches in Miami and New York.
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| Disclosure of detailed information about hedge in foreign currency equity investments [Text Block] |
According to the information described above, the following table contains details of hedging operations carried out to cover foreign denominated equity investments. The analysis shows current amount of OCI gross of taxes: December 31, 2025 | | | | | | | | | | | | | | | | | | |
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| | Thousands of US$ | | | Ps. millions | |
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| | | | Hedge | | | | | | | | | | | | | | |
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| | | | amount in | | | | | | Current | | Current | | | |
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| | | | foreign | | Hedge | | Current | | amount | | amount | | Current |
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| | Hedged | | currency in | | amount in | | amount | | Hedging | | Hedging | | amount |
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| | investment | | financial | | forward | | Hedged | | non-derivative | | derivative | | Net OCI |
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Investment | | amount | | liabilities | | contracts | | Item | | instrument | | instrument | | account |
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Multi Financial Holding | | 459,514 | | (450,000) | | — | | Ps. | (50,900) | | Ps. | 101,526 | | Ps. | (435) | | Ps. | 50,191 | Other subsidiaries and branches Banco de Bogotá (1) | | 181,057 | | (170,000) | | — | | | 184,605 | | | 133,803 | | | (230,412) | | | 87,996 | Occidental Bank Barbados Ltd. | | 49,966 | | (49,966) | | — | | | 37,357 | | | (37,357) | | | — | | | — | Banco de Occidente (Panamá) S.A. | | 96,872 | | (96,872) | | — | | | 42,625 | | | (42,625) | | | — | | | — | Sociedad Portuaria El Cayao S.A. E.S.P. | | 26,365 | | (26,365) | | — | | | 25,733 | | | (25,732) | | | — | | | 1 | Gases del Pacífico S.A.C. | | 31,888 | | (31,888) | | — | | | 3,037 | | | (18,886) | | | — | | | (15,849) | Gas Natural de Lima y Callao S.A.C. – Calidda | | 115,385 | | (115,385) | | — | | | 53,607 | | | (53,607) | | | — | | | — | Promigas Perú S.A.C. | | 4,820 | | (4,820) | | — | | | 428 | | | (428) | | | — | | | — | Gases del Norte del Perú S.A.C. | | 24,007 | | (24,007) | | — | | | (5,093) | | | 5,093 | | | — | | | — | Promigas Panamá Corporation | | — | | — | | — | | | — | | | — | | | — | | | — | Promigas USA INC | | 8 | | (8) | | — | | | (2) | | | 2 | | | — | | | — | Total | | 989,882 | | (969,311) | | — | | Ps. | 291,397 | | Ps. | 61,789 | | Ps. | (230,847) | | Ps. | 122,339 |
(1) Includes Banco de Bogotá Panamá, Ficentro and contributions of foreign branches in Miami and New York. December 31, 2024 | | | | | | | | | | | | | | | | | | |
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| | Thousands of US$ | | | Ps. millions | |
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| | | | Hedge | | | | | | | | | | | | | | |
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| | | | amount in | | | | | | Current | | Current | | | |
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| | | | foreign | | Hedge | | Current | | amount | | amount | | Current |
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| | Hedged | | currency in | | amount in | | amount | | Hedging | | Hedging | | amount |
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| | investment | | financial | | forward | | Hedged | | non-derivative | | derivative | | Net OCI |
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Investment | | amount | | liabilities | | contracts | | Item | | instrument | | instrument | | account |
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Multi Financial Holding | | 425,506 | | (425,000) | | — | | Ps. | 255,147 | | Ps. | (198,019) | | Ps. | (435) | | Ps. | 56,693 |
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Other subsidiaries and branches Banco de Bogotá (1) | | 164,562 | | (160,000) | | — | | | 296,219 | | | 26,688 | | | (230,412) | | | 92,495 |
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Occidental Bank Barbados Ltd. | | 41,635 | | (41,635) | | — | | | 67,239 | | | (67,239) | | | — | | | — |
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Banco de Occidente (Panamá) S.A. | | 72,835 | | (72,835) | | — | | | 97,230 | | | (97,230) | | | — | | | — |
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Sociedad Portuaria El Cayao S.A. E.S.P. | | 26,365 | | (26,365) | | — | | | 42,385 | | | (42,384) | | | — | | | 1 |
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Gases del Pacífico S.A.C. | | 31,888 | | (31,888) | | — | | | 24,249 | | | (34,221) | | | — | | | (9,972) |
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Gas Natural de Lima y Callao S.A.C. – Calidda | | 108,974 | | (108,974) | | — | | | 125,255 | | | (125,255) | | | — | | | — |
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Promigas Perú S.A.C. | | 4,820 | | (4,820) | | — | | | 3,571 | | | (3,571) | | | — | | | — |
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Gases del Norte del Perú S.A.C. | | 24,007 | | (24,007) | | — | | | 10,561 | | | (10,561) | | | — | | | — |
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Promigas Panamá Corporation | | 0 | | (0) | | — | | | 2 | | | (2) | | | — | | | — |
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Promigas USA INC | | 8 | | (8) | | — | | | 4 | | | (4) | | | — | | | — |
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Total | | 900,600 | | (895,532) | | — | | Ps. | 921,862 | | Ps. | (551,798) | | Ps. | (230,847) | | Ps. | 139,217 |
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(1) Includes Banco de Bogotá Panamá, Banco Bogotá Finance, Ficentro and contributions of foreign branches in Miami and New York.
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| Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [text block] |
The following is the summary of Promigas and its subsidiaries open cash flow hedges: | | | | | | | | December 31, 2025 | | December 31, 2024 | | Income in Thousands of U.S. dollar forecasted | | 68,086 | | 49,131 | | Notional amount contracts FWD Thousands of U.S. dollar | | 68,086 | | 49,131 | | % hedged | | 100 | % | 100 | % | Fair value in Colombian pesos | | (178) | | (1,140) | | # of contracts | | 20 | | 22 | |
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| Disclosure of hedging of exchange rate risk |
| | | | | | December 31, 2025 | | Nominal amount Hedged Item Colombian pesos | | 5,600,394 | | Notional amount contracts interest rate Swaps (IRS) Colombian pesos | | 1,547,000 | | % hedged | | 27.6 | % | Fair value in Colombian pesos | | 74,663 | | # of contracts IRS | | 37 | |
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| Disclosure of analysis of other comprehensive income by item [text block] |
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| | December 31, 2025 | | December 31, 2024 | | December 31, 2023 |
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Balance at the beginning of the year | | Ps. | 24,700 | | Ps. | (30,381) | | Ps. | 5,542 |
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Changes in the fair value FwD - Future transactions | | | 6,635 | | | 6,365 | | | (26,203) |
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Changes in the fair value FwD - financial obligations | | | 74,420 | | | 43,724 | | | (32,672) |
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Changes in the fair value Swaps - CDTs | | | 104,220 | | | 7,752 | | | — |
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Changes in the fair value bonds | | | 211,534 | | | (184,902) | | | 270,064 |
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Changes in the fair value other accounts receivable | | | (211,534) | | | 184,902 | | | (258,982) |
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Reclassified to profit or loss | | | (8,273) | | | (2,760) | | | 11,870 |
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Balance at the end of the year | | Ps. | 201,702 | | Ps. | 24,700 | | Ps. | (30,381) |
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| Schedule of Change in Fair Value and Interest Expenses of Hedging Instrument [Table Text Block] |
Below, the total changes in fair value and the impact on interest expense are detailed by Subsidiary for the fair value and cash flow hedges of interest rate risk: December 31, 2025 | | | | | | | | | Change | | | | | in fair | | Interest | | | value | | expense (1) | Banco de Bogotá | | Ps. | (3,590) | | Ps. | (810) | Banco de Occidente | | | — | | | — | Banco Popular | | | 83,820 | | | (10,736) | Corficolombiana | | | 72,494 | | | 805 | Total impact from hedging | | Ps. | 152,724 | | Ps. | (10,741) |
(1) See note 6.3 “Interest expense”. December 31, 2024 | | | | | | |
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| | Change | | |
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| | in fair | | Interest |
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| | value | | expense (1) |
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Banco de Bogotá | | Ps. | 5,960 | | Ps. | (46,406) |
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Banco de Occidente | | | — | | | (1,183) |
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Banco Popular | | | (7,332) | | | (2,205) |
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Total impact from hedging | | Ps. | (1,372) | | Ps. | (49,794) |
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(1) See note 6.3 “Interest expense”. The table below shows the changes in fair value and the impact on interest income for the loan portfolio’s fair value hedge of interest rate risk. December 31, 2025 | | | | | | | | | Change | | | | | in fair | | Interest | | | value | | income | Banco de Occidente | | Ps. | 146 | | Ps. | 784 |
December 31, 2025 | | | | | | | | | Change | | | | | in fair | | Interest | | | value | | income | Banco de Occidente | | Ps. | (83) | | Ps. | 595 |
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| Disclosure of detailed information about derivative financial instruments for hedging [Text Block] |
| | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | Item | | Assets | | Liabilities | | Assets | | Liabilities | Forward contracts | | | | | | | | | | | | | Foreign currency to buy | | Ps. | 78 | | Ps. | 9,741 | | Ps. | 10,623 | | Ps. | 5,185 | Foreign currency to sale | | | 559 | | | — | | | 19 | | | 65 | Subtotal | | Ps. | 637 | | Ps. | 9,741 | | Ps. | 10,642 | | Ps. | 5,250 | Swap | | | | | | | | | | | | | Interest rate | | | 235,921 | | | 25,101 | | | 43,377 | | | 16,408 | Subtotal | | Ps. | 235,921 | | Ps. | 25,101 | | Ps. | 43,377 | | Ps. | 16,408 | Total hedge derivatives | | Ps. | 236,558 | | Ps. | 34,842 | | Ps. | 54,019 | | Ps. | 21,658 |
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| Banco de Bogota S.A. |
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| Document Information [Line Items] |
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| Disclosure of hedging of exchange rate risk |
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| | December 31, 2025 | | December 31, 2024 | |
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Nominal amount Hedged Item Colombian pesos | | 769,732 | | 788,614 | |
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Notional amount contracts interest rate Swaps (IRS) Colombian pesos | | 328,250 | | 298,250 | |
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% hedged | | 42.6 | % | 37.8 | % |
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Fair value in Colombian pesos | | 13,838 | | 7,752 | |
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# of contracts IRS | | 10 | | 9 | |
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| Disclosure of detailed information about hedging instruments [text block] |
December 31, 2025 | | | | | | | Fair value hedges | | | Notional
amount | | | Changes
in fair
value | Hedging instruments | | | | | | | Interest rate Swap | | Ps. | 2,813,929 | | Ps. | (34,899) | Items designated hedged | | | | | | | Time Deposits issued | | | 2,813,929 | | | 31,309 |
December 31, 2024 | | | | | | | Fair value hedges | | | Notional
amount | | | Changes
in fair
value | Hedging instruments | | | | | | | Interest rate Swap | | Ps. | 4,644,189 | | Ps. | 68,840 | Items designated hedged | | | | | | | Time Deposits issued | | | 4,644,189 | | | (66,064) |
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| Banco de Bogota S.A. | Other accounts receivable [member] |
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| Document Information [Line Items] |
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| Disclosure of hedging of exchange rate risk |
| | | | | | | | December 31, 2025 | | December 31, 2024 | | Nominal amount Hedged Item Thousands of U.S. dollar | | 330,921 | | 320,195 | | Notional amount bond Thousands of U.S. dollar | | 330,921 | | 320,195 | | % hedged | | 100 | % | 100 | % | Fair value in Colombian pesos | | 1,243,297 | | 1,411,786 | | # of contracts | | 1 | | 1 | |
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| Banco de Bogota S.A. | Financial obligations [member] |
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| Document Information [Line Items] |
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| Disclosure of hedging of exchange rate risk |
| | | | | | | | December 31, 2025 | | December 31, 2024 | | Nominal amount Hedged Item Thousands of U.S. dollar | | 1,320,970 | | 896,761 | | Notional amount contracts FWD Thousands of U.S. dollar | | 1,323,000 | | 897,700 | | % hedged | | 100 | % | 100 | % | Fair value in Colombian pesos | | 4,872,318 | | 3,884,510 | | # of contracts FWD | | 70 | | 49 | |
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| Corporacion Financiera Colombiana S.A. |
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| Document Information [Line Items] |
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| Disclosure of hedging of exchange rate risk |
| | | | | | December 31, 2025 | | Nominal amount Hedged Item Colombian pesos | | 809,000 | | Notional amount contracts interest rate Swaps (IRS) Colombian pesos | | 809,000 | | % hedged | | 100 | % | # of contracts IRS | | 3 | |
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| Disclosure of detailed information about hedging instruments [text block] |
December 31, 2025 | | | | | | | Fair value hedges | | | Notional
amount | | | Changes
in fair
value | Hedging instruments | | | | | | | Interest rate Swap | | Ps. | 1,075,000 | | Ps. | 72,494 | Items designated hedged | | | | | | | Debt securities | | | 1,075,000 | | | (71,734) |
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| Corporacion Financiera Colombiana S.A. | Other accounts receivable [member] |
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| Document Information [Line Items] |
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| Disclosure of hedging of exchange rate risk |
| | | | | | | | December 31, 2025 | | December 31, 2024 | | Nominal amount Hedged Item Thousands of U.S. dollar | | 4,416 | | 5,373 | | Notional amount contracts FWD Thousands of U.S. dollar | | 4,416 | | 5,373 | | % hedged | | 100 | % | 100 | % | # of contracts FWD | | 9 | | 11 | |
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| Banco de Occidente S.A. |
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| Document Information [Line Items] |
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| Disclosure of analysis of other comprehensive income by item [text block] |
December 31, 2025 | | | | | | | Fair value hedges | | | Notional
amount | | | Changes
in fair
value | Hedging instruments | | | | | | | Interest rate Swap | | Ps. | 1,048,000 | | Ps. | 18,209 | Items designated hedged | | | | | | | Loan Portfolio | | | 1,048,000 | | | (18,076) |
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| Disclosure of detailed information about hedging instruments [text block] |
As of December 31, 2025 and 2024 Banco de Occidente uses interest rate swaps to reduce the risk of interest rates on loan portfolio. December 31, 2025 | | | | | | | Fair value hedges | | | Notional
amount | | | Changes
in fair
value | Hedging instruments | | | | | | | Interest rate Swap | | Ps. | 1,048,000 | | Ps. | 18,209 | Items designated hedged | | | | | | | Loan Portfolio | | | 1,048,000 | | | (18,076) |
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