BanColombia (BanColombia) Credit Losses Provision : $1,720 Mil (As of Dec. 2023)

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What is BanColombia Credit Losses Provision?

BanColombia's credit losses provision for the three months ended in Dec. 2023 was $430 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1,720 Mil.

BanColombia's quarterly credit losses provision declined from Jun. 2023 ($470 Mil) to Sep. 2023 ($397 Mil) but then increased from Sep. 2023 ($397 Mil) to Dec. 2023 ($430 Mil).

BanColombia's annual credit losses provision increased from Dec. 2021 ($614 Mil) to Dec. 2022 ($795 Mil) and increased from Dec. 2022 ($795 Mil) to Dec. 2023 ($1,863 Mil).

BanColombia Credit Losses Provision Historical Data

The historical data trend for BanColombia's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BanColombia Credit Losses Provision Chart

BanColombia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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971.59

2,111.83

614.16

795.02

1,862.91

BanColombia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															365.17	423.20	469.57	396.93	430.49

BanColombia Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,720 Mil.

BanColombia (BanColombia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BanColombia SA (NYSE:CIB) » Definitions » Credit Losses Provision

Traded in Other Exchanges

BXK:Germany PFBCOLOM:Columbia BCOLOMBIA:Columbia

Address

Avenida Los Industriales, Carrera 48 No. 26-85, Medellin, COL

Website

https://www.grupobancolombia.com

BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, Costa Rica, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala.