GOODWILL (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Disclosure of reconciliation of changes in goodwill [line items] |
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| Schedule of movement of the goodwill |
| | | | | | | | | December 31, 2025 | | December 31, 2024 | Balance at the beginning of the year | | Ps. | 2,223,608 | | Ps. | 2,202,222 | Impairment charge (1) | | | (5,880) | | | — | Discontinued operations (2) | | | (136,858) | | | — | Effect of movements in exchange rates (3) | | | (23,754) | | | 21,386 | Balance at the end of the year | | Ps. | 2,057,116 | | Ps. | 2,223,608 |
(1) Corresponds to the recognition of impairment over Concesionaria Panamericana S.A.S. (2) See note 13.A., "Assets and liabilities classified as held for sale of Multi Financial Group" (3) The foreign exchange adjustment is attributable to Multifinancial Group Inc.
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| Schedule of goodwill assigned per Cash Generating Units (CGU) |
| | | | | | | Goodwill carrying amount | CGU | | December 31, 2025 | | December 31, 2024 | Sociedad Administradora de Fondos de Pensiones, Cesantías y del CCAI Porvenir S.A. | | Ps. | 538,231 | | Ps. | 538,231 | Banco de Bogotá S.A. over Megabanco (1) | | | 465,905 | | | 465,905 | Banco Popular S.A. | | | 358,401 | | | 358,401 | Banco de Bogotá S.A. | | | 301,222 | | | 301,222 | Promigas S.A. and Subsidiaries | | | 169,687 | | | 169,687 | Banco de Bogotá S.A. over Multi Financial Group Inc. (2) | | | — | | | 160,612 | Banco de Occidente S.A. | | | 127,571 | | | 127,571 | Concesionaria Panamericana S.A.S. (3) | | | 66,714 | | | 72,594 | Banco de Occidente S.A. over Banco Unión (1) | | | 22,724 | | | 22,724 | Hoteles Estelar S.A. | | | 6,661 | | | 6,661 | Total goodwill | | Ps. | 2,057,116 | | Ps. | 2,223,608 |
(1) Goodwill recognized as a result of mergers between Banco de Bogotá and Megabanco, Banco de Occidente and Banco Unión. (2) See note 13.A., "Assets and liabilities classified as held for sale of Multi Financial Group" (3) The variation presented corresponds to the recognition of impairment on the CGU.
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| Sociedad Administradora de Fondos de Pensiones, Cesantias y del CCAI Porvenir S.A. |
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| Disclosure of reconciliation of changes in goodwill [line items] |
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| Summary of main assumptions used in the impairment test reports taken as the basis for impairment testing |
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December 31, 2025 |
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| | 2026 | | 2027 | | 2028 | | 2029 | | 2030 | |
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Interest rate on investments | | 8.4 | % | 6.8 | % | 6.9 | % | 6.9 | % | 6.9 | % |
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Borrowing rate | | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % |
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Growth in income from commissions | | 16.9 | % | 7.5 | % | 5.6 | % | 5.8 | % | 11.1 | % |
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Growth in expenses | | 5.8 | % | 5.3 | % | 5.3 | % | 4.5 | % | 4.4 | % |
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Inflation | | 3.1 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % |
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Discount interest rate after taxes | | 9.3 | % | 7.5 | % | 7.8 | % | 7.8 | % | 7.8 | % |
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Growth rate after eleven years | | 3.0 | % | | | | | | | | |
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December 31, 2024 |
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| | 2025 | | 2026 | | 2027 | | 2028 | | 2029 | | Interest rate on investments | | 8.6 | % | 6.8 | % | 6.9 | % | 6.9 | % | 6.9 | % | Borrowing rate | | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % | 5.8 | % | Growth in income from commissions | | 15.1 | % | 22.0 | % | 5.2 | % | 6.9 | % | 6.0 | % | Growth in expenses | | 9.4 | % | 5.6 | % | 5.2 | % | 4.9 | % | 4.2 | % | Inflation | | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | Discount interest rate after taxes | | 9.9 | % | 8.8 | % | 7.5 | % | 7.9 | % | 7.8 | % | Growth rate after eleven years | | 3.0 | % | | | | | | | | |
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| Banco de Bogota S.A. over Megabanco |
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| Disclosure of reconciliation of changes in goodwill [line items] |
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| Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill |
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December 31, 2025 |
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| | 2026 | | 2027 | | 2028 | | 2029 | | 2030 | |
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Lending rate on the loan portfolio and investments | | 11.8 | % | 11.2 | % | 11.0 | % | 11.1 | % | 11.1 | % |
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Borrowing rate | | 6.2 | % | 5.3 | % | 4.9 | % | 4.8 | % | 4.9 | % |
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Growth in income from commissions | | 11.6 | % | 27.3 | % | 6.6 | % | 7.6 | % | 8.0 | % |
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Growth in expenses | | 15.2 | % | 2.4 | % | 6.8 | % | 6.1 | % | 6.4 | % |
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Inflation | | 3.4 | % | 2.9 | % | 2.9 | % | 2.9 | % | 2.9 | % |
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Discount rate after taxes | | 12.4 | % | 11.1 | % | 11.2 | % | 11.2 | % | 11.2 | % |
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Growth rate after five years | | 5.9 | % | | | | | | | | |
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December 31, 2024 |
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| | 2025 | | 2026 | | 2027 | | 2028 | | 2029 | | Lending rate on the loan portfolio and investments | | 11.2 | % | 10.7 | % | 10.7 | % | 10.8 | % | 10.8 | % | Borrowing rate | | 5.2 | % | 5.7 | % | 5.8 | % | 5.9 | % | 6.0 | % | Growth in income from commissions | | 9.5 | % | 13.7 | % | 13.1 | % | 17.7 | % | 5.2 | % | Growth in expenses | | 10.7 | % | 5.9 | % | 6.7 | % | 8.0 | % | 7.9 | % | Inflation | | 5.3 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | Discount rate after taxes | | 13.2 | % | 12.1 | % | 10.8 | % | 11.4 | % | 11.3 | % | Growth rate after five years | | 6.1 | % | | | | | | | | |
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| Banco Popular S.A. |
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| Disclosure of reconciliation of changes in goodwill [line items] |
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| Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill |
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December 31, 2025 |
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| | 2026 | | 2027 | | 2028 | | 2029 | | 2030 | |
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Lending rate on the loan portfolio and investments | | 12.2 | % | 12.3 | % | 12.1 | % | 12.0 | % | 11.9 | % |
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Borrowing rate | | 6.4 | % | 5.7 | % | 5.2 | % | 5.1 | % | 5.1 | % |
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Growth in income from commissions | | 29.5 | % | 16.0 | % | 17.5 | % | 17.5 | % | 17.5 | % |
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Growth in expenses | | 5.0 | % | 14.5 | % | 6.0 | % | 5.9 | % | 6.2 | % |
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Inflation | | 3.1 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % |
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Discount rate after taxes | | 12.3 | % | 10.4 | % | 10.9 | % | 10.9 | % | 10.9 | % |
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Growth rate after five years | | 5.8 | % | | | | | | | | |
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December 31, 2024 |
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| | 2025 | | 2026 | | 2027 | | 2028 | | 2029 | | Lending rate on the loan portfolio and investments | | 11.5 | % | 11.3 | % | 11.1 | % | 11.1 | % | 11.2 | % | Borrowing rate | | 5.8 | % | 4.8 | % | 4.7 | % | 4.6 | % | 4.5 | % | Growth in income from commissions | | 37.4 | % | 30.9 | % | 17.5 | % | 19.2 | % | 18.5 | % | Growth in expenses | | 7.4 | % | 13.7 | % | 6.8 | % | 6.5 | % | 6.4 | % | Inflation | | 3.5 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | Discount rate after taxes | | 14.5 | % | 12.4 | % | 10.8 | % | 11.4 | % | 11.4 | % | Growth rate after five years | | 6.1 | % | | | | | | | | |
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| Banco de Bogota S.A. |
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| Disclosure of reconciliation of changes in goodwill [line items] |
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| Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill |
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December 31, 2025 |
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| | 2026 | | 2027 | | 2028 | | 2029 | | 2030 | |
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Lending rate on the loan portfolio and investments | | 11.8 | % | 11.2 | % | 11.0 | % | 11.1 | % | 11.1 | % |
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Borrowing rate | | 6.2 | % | 5.4 | % | 5.0 | % | 4.9 | % | 5.0 | % |
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Growth in income from commissions | | 11.6 | % | 27.3 | % | 6.6 | % | 7.6 | % | 8.0 | % |
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Growth in expenses | | 15.2 | % | 3.3 | % | 7.5 | % | 6.9 | % | 5.8 | % |
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Inflation | | 3.1 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % |
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Discount rate after taxes | | 12.3 | % | 10.4 | % | 10.9 | % | 10.9 | % | 10.9 | % |
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Growth rate after five years | | 5.8 | % | | | | | | | | |
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December 31, 2024 |
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| | 2025 | | 2026 | | 2027 | | 2028 | | 2029 | | Lending rate on the loan portfolio and investments | | 10.9 | % | 10.4 | % | 10.5 | % | 10.5 | % | 10.5 | % | Borrowing rate | | 5.6 | % | 4.7 | % | 4.6 | % | 4.6 | % | 4.4 | % | Growth in income from commissions | | 9.9 | % | 13.1 | % | 12.5 | % | 15.9 | % | 6.4 | % | Growth in expenses | | 11.3 | % | 7.0 | % | 7.9 | % | 9.2 | % | 7.7 | % | Inflation | | 3.5 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | Discount rate after taxes | | 14.5 | % | 12.4 | % | 10.8 | % | 11.4 | % | 11.4 | % | Growth rate after five years | | 6.1 | % | | | | | | | | |
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