PREMISES AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2023

PREMISES AND EQUIPMENT, NET

Schedule of premises and equipment for own use

As of December 31, 2023

Premises and equipment for own use

		Roll - forward
	Balance at						Effect of	Balance at
Premises and equipment for own use	January 1,			Expenses		Assets	changes in	December 31,
	2023		Additions	depreciation and	Disposals	classified as held	foreign	2023
				impairment(1)		for sale and	exchange
						other assets	rate
In millions of COP
Land
Cost	605,713		3,750	-	(3,738)	(39,665)	(48,655)	517,405
Construction in progress
Cost	51,839		46,846	-	-	-	(15,052)	83,633
Buildings
Cost	1,878,689		25,644	-	(30,968)	18,311	(151,671)	1,740,005
Accumulated depreciation	(535,550)		-	(38,565)	10,828	(11,916)	82,007	(493,196)
Accumulated impairment	-		-	(153)	153	-	-	-
Furniture and fixtures
Cost	709,894		57,565	-	(29,474)	(6,522)	(53,325)	678,138
Accumulated depreciation	(432,992)		-	(44,238)	25,956	-	35,757	(415,517)
Accumulated impairment	-		-	(797)	797	-	-	-
Computer equipment
Cost	1,007,230		129,012	-	(91,096)	2,416	(73,129)	974,433
Accumulated depreciation	(595,991)		-	(114,887)	73,226	(4,100)	49,316	(592,436)
Accumulated impairment	-		-	(1,507)	1,507	-		-
Vehicles
Cost	31,713		9,967	-	(6,709)	2,489	(3,480)	33,980
Accumulated depreciation	(19,506)		-	(5,331)	5,650	(14)	1,895	(17,306)
Leasehold improvements
Cost	9,661		26,950	-	-	(19,436)	(538)	16,637
Accumulated depreciation	(627)		-	(25)	-	-	130	(522)
Total premises and equipment for own use - cost	4,294,739		299,734	-	(161,985)	(42,407)	(345,850)	4,044,231
Total premises and equipment - accumulated depreciation	(1,584,666)		-	(203,046)	115,660	(16,030)	169,105	(1,518,977)
Total premises and equipment - accumulated impairment	-		-	(2,457)	2,457	-	-	-
Total premises and equipment for own use, net	2,710,073		299,734	(205,503)	(43,868)	(58,437)	(176,745)	2,525,254

⁽¹⁾ See Note 26.3. Impairment, depreciation and amortization.

As of December 31, 2022

Premises and equipment for own use

		Roll - forward
	Balance at						Effect of	Balance at
Premises and equipment for own use	January 1,			Expenses		Assets	changes in	December 31,
	2022		Additions	depreciation and	Disposals	classified as held	foreign	2022
				impairment(1)		for sale and	exchange
						other assets	rate
In millions of COP
Land
Cost	551,484		34,151	-	(3,773)	(17,068)	40,919	605,713
Construction in progress
Cost	37,040		24,643	-	(17,714)	-	7,870	51,839
Accumulated impairment	-		-	(3,536)	3,536	-	-	-
Buildings
Cost	1,795,240		20,789	-	(18,844)	(43,379)	124,883	1,878,689
Accumulated depreciation	(458,784)		-	(37,604)	14,939	13,878	(67,979)	(535,550)
Furniture and fixtures
Cost	662,385		46,390	-	(42,540)	-	43,659	709,894
Accumulated depreciation	(388,005)		-	(44,958)	29,759	-	(29,788)	(432,992)
Computer equipment
Cost	881,056		191,122	-	(125,436)	-	60,488	1,007,230
Accumulated depreciation	(545,954)		-	(114,099)	106,367	-	(42,305)	(595,991)
Vehicles
Cost	42,366		5,253	-	(18,361)	(163)	2,618	31,713
Accumulated depreciation	(18,233)		-	(4,484)	4,721	64	(1,574)	(19,506)
Leasehold improvements
Cost	5,307		32,144	-	(1,058)	(27,075)	343	9,661
Accumulated depreciation	(510)		-	(32)	16	-	(101)	(627)
Total premises and equipment for own use - cost	3,974,878		354,492	-	(227,726)	(87,685)	280,780	4,294,739
Total premises and equipment - accumulated depreciation	(1,411,486)		-	(201,177)	155,802	13,942	(141,747)	(1,584,666)

Total premises and equipment - accumulated impairment	-	-	(3,536)	3,536	-	-	-
Total premises and equipment for own use, net	2,563,392	354,492	(204,713)	(68,388)	(73,743)	139,033	2,710,073

⁽¹⁾ See Note 26.3. Impairment, depreciation and amortization.

Schedule of premises and equipment in operating leases

Premises and equipment in operating leases

		Roll - forward
	Balance at						Effect of	Balance at
Premises and equipment in operating leases	January 1,			Expenses		Assets	changes in	December 31,
	2023		Additions	depreciation and	Disposals	classified as held	foreign	2023
				impairment(1)		for sale and	exchange
						other assets	rate
In millions of COP
Furniture and fixtures
Cost	2,091		-	-	-	-	-	2,091
Accumulated depreciation	(360)		-	(254)	-	-	-	(614)
Computer equipment
Cost	150,969		66,833	-	(4,463)	14,822	-	228,161
Accumulated depreciation	(66,577)		-	(49,364)	3,855	16,448	-	(95,638)
Vehicles
Cost	4,718,405		1,156,419	-	(79,280)	(1,007,899)	-	4,787,645
Accumulated depreciation	(787,535)		-	(383,712)	18,181	228,701	-	(924,365)
Accumulated impairment	-		-	(2,023)	2,023	-	-	-
Total premises and equipment in operating leases - cost	4,871,465		1,223,252	-	(83,743)	(993,077)	-	5,017,897
Total premises and equipment - accumulated depreciation	(854,472)		-	(433,330)	22,036	245,149	-	(1,020,617)
Total premises and equipment - accumulated impairment	-		-	(2,023)	2,023	-	-	-
Total premises and equipment in operating leases, net	4,016,993		1,223,252	(435,353)	(59,684)	(747,928)	-	3,997,280

⁽¹⁾ See Note 26.3. Impairment, depreciation and amortization.

Premises and equipment in operating leases

		Roll - forward
	Balance at						Effect of	Balance at
Premises and equipment in operating leases	January 1,			Expenses		Assets	changes in	December 31,
	2022		Additions	depreciation and	Disposals	classified as held	foreign	2022
				impairment(1)		for sale and	exchange
						other assets	rate
In millions of COP
Furniture and fixtures
Cost	2,091		-	-	-	-	-	2,091
Accumulated depreciation	(106)		-	(254)	-	-	-	(360)
Computer equipment
Cost	121,071		45,690	-	(6,001)	(9,791)	-	150,969
Accumulated depreciation	(46,884)		-	(32,482)	4,618	8,171	-	(66,577)
Vehicles
Cost	3,113,511		2,265,250	-	(36,539)	(623,817)	-	4,718,405
Accumulated depreciation	(652,423)		-	(326,683)	2,700	188,871	-	(787,535)
Total premises and equipment in operating leases - cost	3,236,673		2,310,940	-	(42,540)	(633,608)	-	4,871,465
Total premises and equipment - accumulated depreciation	(699,413)		-	(359,419)	7,318	197,042	-	(854,472)
Total premises and equipment in operating leases, net	2,537,260		2,310,940	(359,419)	(35,222)	(436,566)	-	4,016,993

(1) See Note 26.3. Impairment, depreciation and amortization.

Schedule of premises and equipment total

Premises and equipment total

		Roll - forward
	Balance at						Effect of	Balance at
Premises and equipment total	January 1,			Expenses		Assets	changes in	December 31,
	2023		Additions	depreciation and	Disposals	classified as held	foreign	2023
				impairment(1)		for sale and	exchange
						other assets	rate
In millions of COP
Total premises and equipment - cost	9,166,204		1,522,986	-	(245,728)	(1,035,484)	(345,850)	9,062,128
Total premises and equipment - accumulated depreciation	(2,439,138)		-	(636,376)	137,696	229,119	169,105	(2,539,594)
Total premises and equipment - accumulated impairment	-		-	(4,480)	4,480	-	-	-
Total premises and equipment, net	6,727,066		1,522,986	(640,856)	(103,552)	(806,365)	(176,745)	6,522,534

⁽¹⁾ See Note 26.3. Impairment, depreciation and amortization.

Premises and equipment total

		Roll - forward
	Balance at						Effect of	Balance at
Premises and equipment total	January 1,			Expenses		Assets	changes in	December 31,
	2022		Additions	depreciation and	Disposals	classified as held	foreign	2022
				impairment(1)		for sale and	exchange
						other assets	rate
In millions of COP
Total premises and equipment - cost	7,211,551		2,665,432	-	(270,266)	(721,293)	280,780	9,166,204
Total premises and equipment - accumulated depreciation	(2,110,899)		-	(560,596)	163,120	210,984	(141,747)	(2,439,138)
Total premises and equipment - accumulated impairment	-		-	(3,536)	3,536	-	-	-
Total premises and equipment, net	5,100,652		2,665,432	(564,132)	(103,610)	(510,309)	139,033	6,727,066

(1) See Note 26.3. Impairment, depreciation and amortization.